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Wednesday, 22 August 2012

StarHub CEO halves telco stake for property buy

Just For Laugh ....

Createwealth8888: Many retail investors like to think that SH is a defensive counter in SGX; but SH's CEO thinks otherwise, property is better and more defensive for many years to come



STARHUB'S Neil Montefiore sold down half his stake in the telco yesterday to free up cash for a property transaction here.

At a consideration of $3.602 apiece, the StarHub CEO would have raised a gross total of $1,512,840 on the open market sale of 420,000 shares yesterday, leaving him with a 0.02 per cent stake in StarHub.

There is no reason for alarm, StarHub's head of corporate communications and investor relations Jeannie Ong said yesterday.

"Neil remains committed as the CEO of StarHub. He just needed some cash flow for a property transaction in Singapore. Post the sale of the 420,000 shares, he still holds 400,400 StarHub shares," Ms Ong said.
Posted by Createwealth8888 at 07:32
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1 comment:

  1. Buy House23 August 2012 at 00:33:00 GMT+8

    Great information! I’ve been looking for something like this for a while now. Thanks.

    ReplyDelete

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