SingTel (ASX:SGT) boosts finance unit's share capital
- 19 July, 2010 15:49
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Telecom operator SingTel (ASX:SGT) has revealed that it has increased the share capital of its subsidiary, SingTel Treasury, to S$50 million ($41.7 million).
The unit, which primarily serves to provide finance and treasury services to the SingTel group of companies, previously had a share capital of just S$2.
The new shares have been fully paid up, SingTel said.
SingTel is the parent company of Australian operator Optus.
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