Asean Cableship Pte. Ltd. acquired 25% stake in ACPL Marine Pte. Ltd. from Singapore Telecommunications Limited (SGX:Z74) for SGD 15 million in cash on January 2, 2018. Singapore Telecommunications Limited reduced holding from 41.67% to 16.67% stake. Asean Cableship Pte. Ltd. completed the acquisition of 25% stake in ACPL Marine Pte. Ltd. from Singapore Telecommunications Limited (SGX:Z74) on January 2, 2018.