---
title: "Capital Group becomes substantial Singtel shareholder"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286019357.md"
description: "Capital Group has become a substantial shareholder of Singapore Telecommunications, increasing its deemed interest to 5.1% after acquiring 19,314,800 shares at an average price of $4.67 on May 6. This purchase raised its total shares to 837,947,249, making it the second-largest shareholder after Temasek. The transaction occurred after Singtel shares declined from a peak of $5.21. Singtel's stock closed at $4.69 on May 8, reflecting a 1.08% increase for the day and 2.4% year-to-date. The company will report its full-year earnings on May 21."
datetime: "2026-05-12T01:35:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286019357.md)
  - [en](https://longbridge.com/en/news/286019357.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286019357.md)
---

# Capital Group becomes substantial Singtel shareholder

**The US asset manager raised its deemed interest in Singtel to 5.1%.**

Capital Group has emerged as a substantial shareholder of Singapore Telecommunications after raising its deemed interest in the telco above the 5% threshold.

The US asset manager acquired 19,314,800 Singtel shares on May 6 through a market transaction at an average price of $4.67 per share, according to a regulatory filing.

Following the purchase, Capital Group’s deemed interest rose to 837,947,249 shares, or 5.1% of Singtel’s voting shares, from 818,632,449 shares, or 4.98%, before the transaction.

The filing was required after Capital Group’s interest crossed the 5% substantial shareholder threshold. At this level, Capital Group is likely Singtel’s second-largest shareholder after Temasek, which holds just over 50% of the telco.

The filing said the shares are not held by Capital Group or its affiliates for their own account. Instead, the shares are owned by accounts under the discretionary investment management of Capital Group’s investment management companies.

The transaction came after Singtel shares pulled back from a recent peak of $5.21 on March 20. The Edge Singapore said the $4.67 purchase price was around 10% lower than that peak.

Singtel closed at $4.69 on May 8, up 1.08% for the day and 2.4% year-to-date. The company is scheduled to report its full-year earnings on 21 May.

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