The company, more than one-fifth owned by Singapore state investor Temasek Holdings (TEM.UL), posted a net profit of $1.42 billion before exceptionals, up from $1.26 billion a year ago.
Thai Bumrungrad Hospital Pcl says Temasek Holidings Limited (TEM.UL) sold 42.67 million shares in the company on Friday which could be worth $54 million, Bumrungrad told the stock exchange. It also reported another shareholder sold 49.13 million shares in the company, but it gave no name for the seller. According to the Stock Exchange of Thailand’s website, the shares were sold at 30 baht ($1.265) each.
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The company, controlled by Singapore state investor Temasek Holdings (TEM.UL), participates in 28 port projects around the world with an annual capacity to handle 111 million TEUs.
Indonesia’s anti-trust agency (KPPU) is seeking ways to seize assets worth 120 billion rupiah ($17.1 million) from Singapore’s Temasek Holdings (TEM.UL) over an outstanding fine of the same amount, a KPPU commissioner said on Tuesday.
The KPPU ruled in 2007 that Temasek and eight affiliates were in breach of Indonesia’s anti-monopoly laws because of holdings in two Indonesian telecom firms, and ordered Singapore’s state investor to sell the stake in one while fining the affiliates 15 billion rupiah each.
The company, in which Singapore state investor Temasek Holdings (TEM.UL) has 14% stake, said it controls 80% of the venture, while Lababidi Group holds the remaining 20%.
“The total project cost amounts to approximately US$200 million, which is expected to be phased over three years from FY 2011 to FY 2013,” Olam said in a statement.
Commodity company Olam International (OLAM.SI) said on Friday it has entered into a joint venture to set up a US$200 million ($261.5 million)sugar refinery in Nigeria.
The company, in which Singapore state investor Temasek Holdings (TEM.UL) has 14% stake, said it controls 80% of the venture, while Lababidi Group holds the remaining 20%.
“The total project cost amounts to US$200 million, which is expected to be phased over three years from FY 2011 to FY 2013,” Olam said in a statement.
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CCB (601939.SS) plans to raise up to 61.6 billion yuan ($12 billion) this month in Asia’s biggest rights issue outside Japan to bolster capital after an industry-wide lending binge in 2009.
CCB (601939.SS) plans to raise up to 61.6 billion yuan ($12 billion) this month in Asia’s biggest rights issue outside Japan to shore up capital after an industry-wide lending binge in 2009.
CCB (601939.SS) plans to raise up to 61.6 billion yuan ($11.7 billion) this month in Asia’s biggest rights issue outside Japan to shore up capital after an industry-wide lending binge in 2009.
Singapore Telecommunications <STEL.SI>, Southeast Asia’s largest telecommunications firm, posted a lower-than-expected quarterly profit, as acqusition costs by Indian affiliate Bharti weighed, but cheered investors by raising dividends.
SingTel, 55% owned by Singapore state investor Temasek Holdings [TEM.UL], said earnings were hit by costs from Bharti Airtel’s <BRTI.BO> acquisition of the African telecom assets of Kuwaiti group Zain <ZAIN.KW> in June and investments in multimedia services in Singapore.
CCB <601939.SS>, China’s No 2 lender, plans to raise up to 61.6 billion yuan ($12 billion) in Asia’s biggest rights issue outside Japan to shore up capital after a lending binge in 2009.
Singapore Telecommunications (STEL.SI), Southeast Asia’s largest telecoms firm, reported lower-than-expected quarterly profit, partly due to the cost of acquisitions by its Indian ally.
The company, 55% owned by Singapore state investor Temasek Holdings (TEM.UL), said earnings were hit by costs from Bharti Airtel’s (BRTI.BO) acquisition of the African telecom assets of Kuwaiti group Zain (ZAIN.KW) in June and investments in multimedia services in Singapore.
The airline, 55% owned by Singapore state investor Temasek Holdings (TEM.UL), has made a robust recovery in the past year, helped by strong rebound of business and premium travellers.
CapitaLand, 39% owned by Singapore state investor Temasek (TEM.UL), earned $159.6 million in pre-exceptional net profit the three month ended September, down from $281.3 million a year ago.
CapitaLand, 39% owned by Singapore state investor Temasek (TEM.UL), earned $159.6 million in pre-exceptional net profit the three month ended September, down from $281.3 million a year ago.
This comes after Mapletree Investments’ unit Mapletree Industrial Trust <MAPI.SI> raised US$720 million in an IPO, which was among a string of successful public offerings of property assets in Asia recently.
Keppel, more than one-fifth owned by Singapore state investor Temasek Holdings (TEM.UL), posted a net profit of $346.3 million for the quarter ended September, up from $319.6 million a year ago.
