The units were disposed pursuant to the exercise of equity options. DBS Bank was one of four joint global coordinators, underwriters and issue managers of the MGCCT IPO in 2013.
The units were disposed for a total aggregate sum of SGD599,999, translating to a price of about SGD0.92 per unit. The disposal was done on 21 May.
Units of MGCCT fell 1.1% at the close of the trading day to end at SGD0.895 on the Singapore Exchange.