RED HOT! STARHUB SELL PART OF ENSIGN INFOSECURITY WITH A $200 MILLION GAIN

SPOT_ON
04-16 09:06

$StarHub(CC3.SI)$  

StarHub Sells Partial Stake in Ensign InfoSecurity for S$121 Million, Expects Over S$200 Million Fair Value Gain 


StarHub and Temasek terminate the assigned rights arrangement over Ensign InfoSecurity.

StarHub to receive S\$121 million in total cash proceeds from the transaction.

StarHub expects to recognise a fair value gain of over S\$200 million from this deal.

StarHub’s remaining stake in Ensign will be 38.92% and reclassified as an associated company.

This transaction allows StarHub to monetise part of its investment and redeploy capital into core strategic areas.


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  • koolgal
    ·04-16 10:43
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      04-16 11:06
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  • SPOT_ON
    ·04-16 10:42
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    ·04-16 22:18

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    ·04-16 22:18

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    ·04-16 22:18

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  • SPOT_ON
    ·04-16 11:06
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    ·04-16 10:06
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  • SPOT_ON
    ·04-16 09:32
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