Assuming a Jan 29 closing price of $1.39, this implies Invesco spent a cool $44 million on purchasing the shares.
A couple of institutional investors that are already significant shareholders of ComfortDelGro (SGX:C52
) have recently raised their respective stakes in the transport operator.
According to Bloomberg data, ComfortDelGro’s third-largest shareholder, Invesco, on Jan 29 acquired nearly 31.7 million shares on the open market, bringing its total stake to nearly 71.3 million, or 3.29%.
