BlackRock has become a substantial shareholder of Singapore Exchange (SGX) after purchasing 18,800 shares from the market. The shares were bought on July 26 for S$182,042.28, or S$9.68 per share.
Following this acquisition, BlackRock’s stake in SGX has increased to 5% from the previous 4.99%. Shareholders who cross the 5% stake threshold are required to disclose their interest on SGX.
Shares in SGX closed five cents, or 0.51%, lower at S$9.67 on Tuesday.
Key Takeaways:
- BlackRock has increased its stake in SGX to 5% after buying 18,800 shares.
- The purchase was made on July 26 at S$9.68 per share.
- BlackRock’s increased stake requires disclosure as it crosses the 5% threshold.
- SGX shares closed at S$9.67, down 0.51% on Tuesday.
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