Singapore state investor Temasek Holdings sold S$2.45 million worth of shares in telecoms service provider StarHub.
A filing made by Temasek to the Singapore bourse on Monday showed that Temasek's 900,000 shares were sold by DBS Bank via market transaction.
After the sale, Temasek's stake fell to 55.97 percent in StarHub from 56.02 percent earlier.
Temasek, one of the world's biggest state investors, has a large exposure to financials and owns stakes in Chinese banks and Standard Chartered PLC.
StarHub shares were up 0.35 percent at S$2.85 on the Singapore Exchange. The benchmark Straits Times index jumped 0.94 percent.