Temasek Says It Remains ‘Significantly Invested’ in Alibaba
- Singapore state-owned investment firm sold 14.5 million ADRs
- Still held 39.6 million shares as of September, filing shows
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Temasek Holdings Pte, which pared its stake in Alibaba Group Holding Ltd. in the third quarter as the stock rallied, said China’s biggest online retailer remains an essential part of its portfolio.
The Singapore state-owned firm sold 14.5 million American depositary receipts, leaving it with 39.6 million at the end of September, valued at $4.2 billion, according to a filing with the U.S. Securities and Exchange Commission on Monday. Temasek had added 6.5 million ADRs in the company in the June quarter, according to an earlier filing.