DBS Bank made two transactions in the shares of Singapore Post (SingPost) nearly a week after the company terminated three of its top executives over the handling of whistle-blowing reports on Dec 22, 2024.
On Dec 30, 2024, DBS acquired 180,000 shares in Singapore Post (SingPost) for $94,500 or 52.5 cents per share via the market.
On Dec 31, 2024, however, the bank sold 200,000 shares for $107,000 or 53.5 cents apiece via the market.
Following both transactions, DBS’s eventual stake in SingPost is now at 0.037%.
Shares in SingPost fell to 50 cents at the close of Dec 23, 2024, from 56 cents as at Dec 20, 2024.
As at Jan 7, shares in SingPost closed at 55.5 cents, 0.5 cents higher or 0.909% up from the previous day’s 55-cent close.
