As the stake is now below 5%, Alibaba is no longer obliged to make further public filings if it is to sell down its stake further.
Ada Lim of OCBC Investment Research has flagged the possibility that Singapore Telecommunications, the largest shareholder of Singapore Post, may look to reduce its stake in the latter, thereby causing further overhang on the share price of the postal operator.
Alibaba, SingPost's second largest shareholder, has cut its stake on Sept 5, most likely at a loss, from 11.3% to 4.6%.
