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Singtel, KepCorp selling stakes in JV to Telechoice unit
Each seller will pocket S$625,000 from the sale.
Before the divestment, Radiance Communications will distribute dividends and return capital of about S$2 million each to Singtel and Keppel Communications, the KepCorp unit involved in the sale.
The total proceeds will hence be about S$2.6 million for each seller.
