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BlackRock becomes a substantial shareholder of ComfortDelGro

Atiqah Mokhtar2021-05-28

BlackRock now has a deemed interest of 5% in CDG.

ComfortDelGro (CGD) has disclosed that BlackRock has become a substantial shareholder of the company, following the acquisition of 5.2 million shares on May 27.

Pursuant to the acquisition, BlackRock now holds effectively 108.4 million CDG shares or a 5% deemed interest in the company, up from 103.2 million shares or 4.76% previously.

The shares are held through various BlackRock subsidiaries.

Shares in CDG closed 2 cents or 1.21% higher at $1.68 on May 28.

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