The government on Monday announced the stake sale, aiming to divest up to 5% of its holding in the company. Here's all you need to know about the offer.
GIC's share price dropped 6% today as the Offer for Sale (OFS) opened for non-retail investors. The government plans to divest up to 5% of its stake in the company through this sale. This significant stake dilution has led to a negative market reaction for GIC shares.
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