The trade forms part of the Income Insurance Share Liquidity Program established in January this year. The program was founded by Alta and PSPL and facilitated through Alta exchange arm AltaX and provides a liquidity solution to almost sixteen thousand shareholders holding shares valued at as much as $840 million.
In its announcement dated April 30, Alta and Phillip Securities Pte. Ltd (PSPL) introduced their inaugural trade for the first tranche of shares from Income Insurance Limited Shareholders.
Alta has established itself as one of the most influential private markets digital securities exchange within Asia, while PSPL has secured its position as the largest retail broker in Singapore.
