Singtel down 1.3% on A$304m Australian tax case exposure
It is also the second-most traded counter by value, with 28.1m shares worth S$65.7m changing hands; dispute relates to the acquisition financing of Singtel Optus
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Singapore
SHARES of Singtel hit a 3.5 month low on Monday (Dec 20) after the telco flagged A$304 million (S$296 million) of exposure, interest and penalties from its recent Australian tax case loss.
The index counter fell as much as 2.1 per cent, or S$0.05 to S$2.32 as at 11.11am. The last time it closed near this level was Aug 31.
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