Temasek sells 7.3m ADRs in Alibaba in Q4 as shares rally
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Singapore
TEMASEK Holdings Pte sold shares in Alibaba Group Holding Ltd in the fourth quarter as the Chinese Internet firm's shares rallied following its initial public offering (IPO) in September.
The Singapore investment company sold 7.3 million American depositary receipts (ADRs) in Alibaba, leaving it with 10.7 million shares, according to a filing with the US Securities and Exchange Commission (SEC). The value of its holding in Alibaba declined by US$487.5 million, the biggest decrease among the firm's US listed holdings.
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