$StarHub(CC3.SI)$ StarHub hand

StarHub hands Ensign InfoSecurity control back to Temasek in S$115 million deal, books S$200 million gain.

StarHub said the move will “partially monetise” its investment in Ensign Infosecurity while retaining strategic participation, allowing it to redeploy capital towards other strategic and core business investments.

StarHub’s stake reverts to its underlying 38.92 per cent, and Ensign InfoSecurity will be reclassified from a subsidiary to an associated company of the telco.

Temasek, through Ensign Technologies, resumes majority control.

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