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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Singapore’s Temasek cuts stake in Alibaba in the third quarter

Posted on 16 November 2016

Temasek Holdings Pte pared its investment in Alibaba Group Holding Ltd. in the third quarter, as shares of China’s biggest online retailer rallied, while emerging as a shareholder of software maker Dell Technologies.
The Singapore state-owned firm sold 14.5 million American depositary receipts, leaving it with 39.6 million at the end of September, worth US$4.2 billion, according to a filing with the US Securities and Exchange Commission on Monday. Alibaba gained 33 per cent in the three months through September. Temasek had added 6.5 million ADRs in the company in the June quarter, according to an earlier filing………………………………….Full Article: Source


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