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Posts Tagged ‘temasek holdings’

Temasek’s public co-investors plan may ease suspicion

July 30th, 2009 | No Comments

Temasek Holdings Pte’s decision to consider managing money for outside investors may help it overcome foreign governments’ concerns about sovereign wealth fund investment and drive expansion over the next decade.

The Singapore fund may seek “sophisticated co-investors” in five to eight years and retail investors in the next eight to 10 years, Chief Executive Officer Ho Ching said during a speech in Singapore yesterday. Temasek has been exploring the plan for the past three years and may have a “clearer” picture of the platform it will adopt in the next 12 months, she said.

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Olam loses 2% to $2.50 as commodities index falls

July 30th, 2009 | No Comments

Olam International (OLAM SP), a supplier of agricultural commodities that is partly owned by Temasek Holdings Pte, lost 2% to $2.50. The Reuters/Jefferies CRB Index, which tracks 19 commodities, dropped 2.7% yesterday in New York, its sharpest decline in a month.

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Temasek loses $40b in asset value, may allow public to invest: Update

July 29th, 2009 | No Comments
Temasek Holdings, reeling from the aborted appointment of Charles “Chip” Goodyear, said it lost more than $40 billion in asset value and that the sovereign fund may allow public investment for the first time.
 
The Singapore investment company will seek “sophisticated investors” and won’t sell the “family jewels” for short-term gains, Chief Executive Officer Ho Ching, the wife of Singapore’s Prime Minister Lee Hsien Loong, said in a speech today in Singapore. Goodyear’s departure was “unfortunate” and Temasek will continue to review its succession plans, she added.
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Temasek to hang on to ‘family jewels’, allow public to invest

July 29th, 2009 | No Comments

Temasek Holdings Pte vowed to hang on to the “family jewels” as a long-term investor and said it may allow the public to invest in Singapore’s state-run fund.

The value of the company’s assets dropped by more than $40 billion in the 12 months ended March, Chief Executive Officer Ho Ching said in a speech in Singapore today. The investment firm will act to enhance value over as long as 30 years and will not sell stakes “for divestment’s sake,” Ho said.

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Temasek still ‘fairly comfortable’ in financial sector, Ho says

July 29th, 2009 | No Comments

Temasek Holdings Pte, the Singapore state-owned investment company which sold its holdings in Bank of America Corp. earlier this year, is still “fairly comfortable” with the financial industry, Chief Executive Officer Ho Ching says.

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Temasek may create one more group of stakeholders

July 29th, 2009 | No Comments

Temasek Holdings Pte, the Singapore state-owned investment company, may invite the public to co-invest, Chief Executive Officer Ho Ching said in a speech in Singapore today.

It may also seek “sophisticated investors” in five to eight years and retail investors in the next eight to 10 years, she said.

“Over the longer term, we are exploring the feasibility of creating one more group of stakeholders,” she said. “We can do this by inviting the public to co-invest with Temasek.”

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Temasek says asset value fell by more than $40b by March

July 29th, 2009 | No Comments

Temasek Holdings Pte, Singapore’s state-run investment company, said asset values fell by more than $40 billion by March.

Meanwhile, Chief Executive Officer Ho Ching said it’s “unfortunate” that Charles ‘Chip’ Goodyear didn’t take the top job.

The succession review continues for her replacement, she added.

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Calyon, Maybank said to lend YTL $400m for PowerSeraya

July 29th, 2009 | No Comments

Calyon and Maybank Investment Bank Bhd. will lend at least $400 million to YTL Power International Bhd. to help fund its purchase of PowerSeraya, said two people familiar with the matter.

The banks committed $200 million each and two more lenders may join them, said the people, who asked not to be identified as the negotiations are private.

DBS Group Holdings is syndicating a $2.25 billion, three-year credit line it agreed to give YTL in December after the Malaysian utility bought Singapore power generator PowerSeraya from Temasek Holdings for about $3.8 billion.

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Stats Chippac falls 4.1% to 71 cents as 2Q profit slumps

July 29th, 2009 | No Comments

Stats Chippac (STAT SP), the chip-testing and packaging company controlled by Temasek Holdings Pte, dropped 4.1% to 71 cents. The company said its second-quarter profit slumped to $2.2 million, compared with net income of $22.1 million a year earlier as sales fell 26%.

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