Stock conversion option
Australian shareholders will be able to either convert their stock into Singtel shares on the SGX on a one-for-one basis or sell them on the Singapore Exchange through a process organised by Singtel.
Ms Low said the move was due to the low levels of Singtel shares being traded on the ASX, and the small cost-savings associated with quitting the local exchange were not a major factor in its decision.
She added that about 19,000 Australian shareholders invested in the company, with $500 million to $600 million in market capitalisation linked to its local listing. By comparison, Singtel's total market capitalisation on the SGX is $SGD70.3 billion ($67.8 billion).
the part with the information anyway
AHZ Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held
