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Yong Hui Ting

Yong Hui Ting

Published Tue, Jun 28, 2022 · 08:25 AM
    • Singtel has issued a statement saying it has no plans to list Optus through an IPO at the moment, contrary to a report by The Australian which cited unnamed sources.
    • Singtel has issued a statement saying it has no plans to list Optus through an IPO at the moment, contrary to a report by The Australian which cited unnamed sources. PHOTO: REUTERS

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    THE following companies saw new developments that may affect trading of their securities on Tuesday (Jun 28):

    Singtel : News outlet The Australian reported on Monday, citing unnamed sources, that Singtel was looking to list its Australian subsidiary, Optus, through an initial public offering (IPO). The telco issued a statement to refute this news, adding that it had no plans to list Optus through an IPO at the moment and that the report is “highly speculative”. Singtel shares ended 0.8 per cent or S$0.02 higher at S$2.60 on Monday.

    UOB : UOB has priced S$400 million in 4.25 per cent perpetual capital securities, which will be first callable in 2027. Shares of the bank closed up S$0.15 or 0.6 per cent at S$26.55 on Monday, after the announcement.

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