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Temasek divestment
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scotty
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28-Mar-2006 11:29
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Temasek buying into Standard Chartered. Hmmm... is this why they were divesting their stakes in other companies?? |
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scotty
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26-Mar-2006 15:40
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dunno about you but I would feel a whole lot more comfortable if Temasek could be more prompt with their announcments. I hate surprises..... especially when my money is involved. Hahaha.. |
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diesel
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25-Mar-2006 00:40
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looks like Temasek is spreading its wings overseas. maybe we shld just follow smart money & just buy the shares of those companies that temasek has invested. |
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scotty
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24-Mar-2006 12:24
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Why is Temasek raising so much money if its not for Shin Corp?? SINGAPORE : Share sales by Temasek Holdings, which have raised more than S$2.0 billion (US$1.25 billion) this week, are part of efforts to manage its multi-billion-dollar global portfolio, the investment firm said on Thursday. Temasek said the sales were not to fund its acquisition of Thai telecom giant Shin Corp because that purchase has been fully funded and completed. "This is part of our ongoing efforts to actively manage our portfolio to maximise shareholder value. We manage our portfolio on an active basis," Temasek spokeswoman Rachel Lin said. Temasek this week raised about S$2.0 billion from the sale of a 4.7 percent stake in Singapore Telecommunications (SingTel), Southeast Asia's largest phone company, along with S$118.6 million when it unloaded Olam, which supplies agricultural products and food ingredients worldwide. It also confirmed selling shares in LMA, a maker of medical equipment, but did not provide details. Meanwhile reports said Temasek had sold down its holding in Australian flag-carrier Qantas, believed to be about 3.0 percent. Temasek's Lin had no comment on the reports. David Cohen, a Singapore-based regional economist with research house Action Economics, said Temasek is raising funds to finance its future global acquisitions. The company is looking towards "channelling its investments into newer ventures," Cohen told AFP. The investment company manages a global portfolio worth S$103 billion. This includes stakes in Singapore Airlines, Southeast Asia's biggest lender DBS and other corporate icons in the city-state, as well as companies in Australia, China and India. Its investments cover telecommunications and media, financial services, property, transportation and logistics, energy and resources, infrastructure, engineering and technology, as well as pharmaceuticals and biosciences. It recently acquired Shin Corp. from the family of Prime Minister Thaksin Shinawatra in a deal that sparked anti-government protests in Thailand. - AFP/ch |
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