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Posts Tagged ‘Temasek’

Temasek selling US$877m Fortescue stake

January 19th, 2011 | No Comments

Temasek Holdings (TEM.UL) is selling its entire 4% stake in Australian iron ore miner Fortescue Metals Group (FMG.AX) to raise up to US$877 million ($1.12 billion), a source with direct knowledge of the matter told Reuters on Wednesday.

The move is part of a broader rejig of the investment holdings of Temasek, Singapore’s state investor. Over the past year it has raised cash through the sale of bonds and some of its investments, raising expectations among some bankers it could be preparing for a large investment.

Temasek pays fine after Indonesia court notification

January 18th, 2011 | No Comments

Temasek Holdings, Singapore’s state-owned investment company, said it will pay a fine after it was notified that its application for a court review of an anti- monopoly case was rejected by the Indonesian Supreme Court.

Temasek lost its final appeal in the Supreme Court on May 24 for violating antitrust laws, the Indonesian court said on its website at the time. A fine of 150 billion rupiah ($21.9 million), or 15 billion rupiah for each of 10 Temasek-linked companies involved in the case, was set, the anti-monopoly agency said.

Thai Bumrungrad says Temasek sells stake

January 17th, 2011 | No Comments

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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Temasek said to hire banks for global bond investor meetings

January 10th, 2011 | No Comments

Temasek Holdings, the Singapore state-owned investment company, hired HSBC Holdings Plc, Standard Chartered Plc and UBS AG to help it organize meetings with credit investors, according to a person familiar with the matter.

The investor update meetings, which start this week, will take place in mainland China, Taipei, Chicago, Switzerland and Germany, the person said, asking not to be identified as details are private.

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Temasek to invest in China industry park, 21st Century says

December 28th, 2010 | No Comments

Temasek Holdings Pte will lead a number of Singaporean companies in investing in an industrial park in China’s Sichuan province with a Chengdu high-tech investment group, the 21st Century Business Herald reported today, citing Tang Hua, a local official.

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Temasek assets evaluated by Indonesia for seizure: Update

December 22nd, 2010 | No Comments

Indonesia’s anti-monopoly agency is evaluating Temasek Holdings Pte’s assets in the country and said the government has the right to seize them if a court-imposed fine isn’t paid.

The Singapore state-owned investment company lost its final appeal in the Supreme Court on May 24 for violating antitrust laws, the Indonesian court said on its website at the time. A fine of 150 billion rupiah ($22.3 million), which includes 15 billion rupiah for each of 10 Temasek-linked companies, including the holding company, involved in the case, was set, the anti-monopoly agency said.

Indonesian authorities evaluating Temasek assets for seizure

December 21st, 2010 | No Comments

Indonesia’s anti-monopoly agency is evaluating Temasek Holdings Pte’s assets in the country and said the government has the right to seize them if a court-imposed fine isn’t paid.

The Singapore state-owned investment company lost its final appeal in the Supreme Court on May 24 for violating antitrust laws, the Indonesian court said on its website at the time. A fine of 150 billion rupiah ($22.4 million), which includes 15 billion rupiah for each of 10 Temasek-linked companies involved in the case, was set, the anti-monopoly agency said.

Temasek unit buys 15% of Mekong Development Bank: Update

December 20th, 2010 | No Comments

Fullerton Financial Holdings Pte, a unit of Singapore’s Temasek Holdings Pte, bought a 15% stake in Vietnam’s Mekong Development Bank.

The purchase helped lift registered capital at the lender, based in the southern province of An Giang, to 3 trillion dong ($203.6 million) from 1 trillion dong, the Vietnamese bank said in an e-mailed statement today. The two companies also agreed on a plan that would allow Fullerton to increase the stake to 20 percent next year, it said, without giving a specific timeframe.

Temasek unit Fullerton buys 15% stake in Vietnam Bank

December 20th, 2010 | No Comments

Fullerton Financial Holdings, a unit of Singapore sovereign fund Temasek Holdings, has bought a 15% stake in Mekong Development Bank, and plans to raise its holding to 20% next year, the Vietnamese bank said in an e-mailed statement today.

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Temasek raises stake in Singaporeâ€™s Amtek to 5.39%

December 8th, 2010 | No Comments

Temasek Holdings (TEM.UL) has increased its stake in recently listed electronics components maker Amtek Engineering (AMEL.SI), to 5.39 % from 4.86 %, a regulatory filing showed.

Temasek, China Grid said to buy stock in Huaneng unit

December 3rd, 2010 | No Comments

Temasek Holdings Pte and State Grid Corp. of China will buy a combined US$110 million ($143.2 million) of shares in the initial public offering of China Huaneng Group Corp.’s renewable-energy unit, two people with knowledge of the transaction said.

Temasek, Singapore’s state investment company, will take a US$50 million stake in Huaneng Renewables Corp.’s IPO in Hong Kong, said the people, who declined to be identified before an announcement. State Grid will purchase a US$60 million share, the people said.

Temasek, GIC raise $13b, beat global peers

December 2nd, 2010 | No Comments

Temasek Holdings Pte and Government of Singapore Investment Corp. raised about US$9.9 billion ($13 billion) from international investors over the past year, selling more debt and equity than any other state investment firm.

Temasek, based in Singapore, sold almost US$6 billion of bonds since October last year. Temasek-controlled Mapletree Industrial Trust and Global Logistic Properties, GIC’s overseas logistics unit, raised $5.1 billion selling shares in October, accounting for 10% of the record initial public offerings in the Asia-Pacific region that month, according to data compiled by Bloomberg.

Temasek, GIC raise US$9.9b, most among sovereign firms

December 2nd, 2010 | No Comments

Temasek Holdings Pte and Government of Singapore Investment Corp. raised about US$9.9 billion ($13 billion) from international investors over the past year, selling more debt and equity than any other state investment firm.

Temasek, based in Singapore, sold almost US$6 billion of bonds since October last year. Temasek-controlled Mapletree Industrial Trust and Global Logistic Properties, GIC’s overseas logistics unit, raised $5.1 billion selling shares in October, accounting for 10% of the record initial public offerings in the Asia-Pacific region that month, according to data compiled by Bloomberg.

Temasek to raise CCB stake by taking up BoAâ€™s rights: Update

November 11th, 2010 | No Comments

Singapore state investor Temasek Holdings (TEM.UL) said it will raise its China Construction Bank (0939.HK) stake by taking up Bank of America’s (BAC.N) entitlement in the rights issue of China’s No. 2 lender.

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.

Temasek to raise CCB stake by taking up BofAâ€™s rights: Update

November 11th, 2010 | No Comments

Singapore state investor Temasek Holdings (TEM.UL) said it will raise its stake in China Construction Bank (0939.HK) by taking up Bank of America’s (BAC.N) entire entitlement in the rights issue of China’s No. 2 lender.

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.

Temasek to raise CCB stake by taking up BofAâ€™s rights: Update

November 11th, 2010 | No Comments

Singapore state investor Temasek Holdings (TEM.UL) said it will raise its stake in China Construction Bank (0939.HK) by taking up Bank of America’s (BAC.N) entire entitlement in the rights issue of China’s No. 2 lender.

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.

Temasek purchases Bank of America share of CCB rights offer

November 11th, 2010 | No Comments

Temasek Holdings Pte, Singapore’s state investment company, bought Bank of America Corp.’s share of China Construction Bank Corp.’s US$9.2 billion ($11.8 billion) rights offer, spokesman Jeffrey Fang said.

Bank of America, Construction Bank’s largest private shareholder, won’t participate in the offering, two people with knowledge of the matter said, declining to be identified. Fang, a Singapore-based spokesman for Temasek, didn’t say how much the company’s stake in Construction Bank will increase as a result of the transaction.

Temasek to take up BoAâ€™s rights on CCB share sale

November 11th, 2010 | No Comments

Temasek Holdings [TEM.UL] will take up Bank of America’s <BAC.N> entire entitlement in China Construction Bank’s <0939.HK> rights issue, a spokesman for the Singapore state investor said on Thursday.

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.

Temasek to take up Bank of Americaâ€™s CCB rights

November 11th, 2010 | No Comments

Singapore state investor Temasek [TEM.UL] will take up Bank of America’s <BAC.N> entire entitlement in China Construction Bank’s <0939.HK> upcoming rights issue, two sources familiar with the deal said on Thursday.

Temasek said to sell Hana Financial stake for $785m

October 21st, 2010 | No Comments

Temasek Holdings Pte, Singapore’s state-owned investment company, sold its entire 9.6% stake in Hana Financial Group Inc. for 681 billion won ($785 million), two people with the knowledge of the deal said.