SINGAPORE Exchange Ltd Chief Executive Officer Hsieh Fu Hua donated 1 million of his shares in the company to an unidentified charitable organisation, according to two filings on Tuesday.

Bloomberg news reported that the transfers were made on Nov 7 and Nov 10, the filings said. Mr Hsieh, 58, said last month he plans to quit and will stay until the exchange finds a successor.

These donation would be worth S$5.2 million at Singapore Exchange's current share price of S$5.22. The stock has lost 61 per cent this year, compared with a 48 per cent decline in the local benchmark Straits Times Index.

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