temasek

Temasek Holdings seems to be quite reluctant to interfere with in the political issue of the countries it invests into.

'They have enabled Temasek to sustain its generally superior overall investment performance over the years, ' he said.

Sources close to the company said Temasek had considered investing several hundred million dollars in Rosneft.

Temasek declined to give details beyond saying it had received "several indications of interest" in the stake.

When Air China did dive in three weeks later, China Eastern, SIA and Temasek still appeared to be caught off-guard.

Temasek said the recovery reflected its efforts to "continue to reshape our portfolio mix actively" .

Temasek Holdings Pte. Ltd. announced revisions to its charter in an effort to distance its mission from the interests of Singapore Inc.

'As shareholder of Temasek, the government has a clear interest in Temasek continuing to have strong leadership, ' he said.

An ICBC official said that the bank had "never made such contact with Temasek" .

Temasek also feared that an investment in Bear could generate controversy given "how American" the bank was.

So Merrill turned to Temasek, one of Singapore's two main state investment vehicles, for the bulk of its recapitalisation.

The Bank of America stake sale was confirmed by a Temasek spokeswoman on Friday.

Temasek insists that it makes its decisions independent of the Singapore government and operates as a purely commercial enterprise.

The sceptic's explanation for this unexpected change might be that Temasek has lost a lot of money.

Huaneng has raised at least $140m in cornerstone commitments from State Grid, Bank of China, and Temasek, Singapore's sovereign wealth fund.

Plenty made mistakes: Temasek, Singapore's other state fund, sold out of Bank of America early this year, probably at a loss.

Temasek confirmed its participation in Standard Chartered's share sale in a statement yesterday, declining further comment for this report.

Temasek's officials, including Chairman S. Dhanabalan, usually highlight the company's returns over the three decades since its inception.

A Temasek spokeswoman said it was "inappropriate" to comment on unsourced reports. Chartered was not immediately available for comment.

The Thai authorities reacted badly to Temasek of Singapore's purchase of a telecommunications stake in their country.

The Temasek executives do not rule out adding further bank holdings in Asia as opportunities arise.

Temasek is wholly owned by Singapore's Ministry of Finance, and considers its portfolio companies to be 'stakeholders. '

The backing of the state-owned Temasek, which owns 16 percent of Olam's shares, is also likely to be reassuring to other shareholders.

For years, Temasek has paid its employees with a sensible plan that includes cash bonus payments and deferred incentives.

Temasek, the Singapore sovereign wealth fund, invests more than three-quarters of its portfolio exclusively in Asia.

But Temasek and China Development Bank have the right to appoint directors to the board of Barclays under their deal.

Temasek has also had trouble in Indonesia, over stakes in two telecoms companies bought by firms majority-owned by Temasek.

Temasek is understood to have rebuffed the advances because it considers its stake in StanChart to be of financial and strategic importance.

The other, Tana Africa Capital, is a joint venture with Singapore's sovereign-wealth fund, Temasek, and invests in the rest of Africa.

The investments in Merrill and Standard Chartered made Temasek the biggest shareholder of both companies, data compiled by Bloomberg showed.

Frank Tang, Temasek's director of China investments, will leave next month to concentrate on setting up his own fund.

Since taking the helm at Temasek in 2002 , Ho has stepped up the diversification of the fund beyond its small home market .

In just seven years, the Temasek-run institute has become the main training ground for a new breed of Asia's wealth managers.

Shanghai- born Mr Tang joined Temasek in 2005 from Goldman Sachs and built up the agency's extensive portfolio of Chinese investments .

Last month, Ho Ching, Temasek's outgoing chief executive, said it would cut its target for investments in developed economies.

Temasek's portfolio is largely focused on companies in the financial-services, telecommunications and transportation sectors.

Hopu Investment Management Co. , a Chinese private-equity fund backed by Singapore-based Temasek Holdings Pte. , may also consider a bid.

Temasek is in the process of consolidating its holdings, according to people familiar with its strategy.

"Basically, turning Huijin into something like Temasek is not that difficult, " said a Chinese economist.

A desire to diversify its assets may have played a role in Temasek's decision.

Temasek likes natural resources, but is focused on profitable returns, which conflicts with China's objective of securing cheap supplies.

Having already signed up some heavy-hitting cornerstone investors, including Temasek and Pfizer, the listing looks in decent shape.

Goldman is an investor in Hopu, along with Temasek Holdings Pte. Ltd. , the Singaporean sovereign-wealth fund.

Temasek early this year sold its stake in western financial groups, including Bank of America and Barclays, at a loss.

BoC and Temasek, the Singapore state investment agency, are planning an ambitious scheme involving hundreds of branches.

Barclays' biggest shareholder is Middle Eastern, while Temasek, Singapore's investment arm, owns a fifth of StanChart.

The announcement comes as Temasek last week completed an internal review of its China strategy.

He won plaudits for his stint at BHP Billiton and has a deep knowledge of commodities, in which Temasek is underweight.

Some bankers suggest Richard Ong might also join the Singaporean body, a possibility senior Temasek officials deny.

Singapore's Temasek, meanwhile, already has been reorienting its portfolio more toward investments in Asia and Singapore itself.

Still, Temasek and CIC's rejection underscores the risks investors may be taking with the IPO.

Citi and its clients have teamed up with Temasek on a Chinese property deal.

The creation of Seatown could also establish a vehicle that allows local Singaporeans to co-invest alongside Temasek.

Morgan Stanley has acted as financial adviser to Temasek Holdings, the Singapore government's investment arm.

Ms Ho said Temasek was "working towards a framework" that could include both institutional and retail investors.

The Temasek venture's first bank was set to turn a profit in August, 13 months earlier than expected, according to the branch head.

Jeffrey Fang, a spokesman at Temasek, Singapore's state-owned investment company, declined to comment.

Temasek said Ho Ching, its current chief executive, will remain CEO for the foreseeable future.

Now, with the help of a big minority investment from Temasek, Singapore's sovereign wealth fund, it is again searching actively.

Hopu is a mainland Chinese fund backed by Temasek, Singapore's state investment agency, and Goldman Sachs.

Singapore's Temasek Holdings Pte. Ltd. could give them a master class on the subject.

Temasek Holdings Pte, which owns a 17. 7 percent stake, will subscribe to its portion of the sale.

Despite the government being its sole shareholder, Temasek doesn't consider itself to be a sovereign-wealth fund.

Temasek normally waits until five or six months after the close of the fiscal year to reveal its results.

A Temasek spokesman was unwilling to reveal her age or date of birth, although a Temasek bond document in 2005 said she was 52.

He also said Mr. Goodyear planned changes in senior management that weren't well received by Temasek's board.

Temasek, the Singapore state-owned investment company, is selling its shares in two of China's biggest banks to raise as much as $3. 6bn.

Temasek's recent takeover of Shin Corp, the Thai telecoms group, underscored the need to watch political conditions.

In 2006 Singapore's Temasek sparked a row in Thailand by buying the family telecoms business of the then prime minister, Thaksin Shinawatra.

Temasek, the Singaporean investment company has a credit guarantee business in Nanjing which it started from scratch in 2008.

Temasek confirmed its investment in Tudou, but declined to comment further.

Singapore's Temasek was also a possible buyer of shares, they added.

Temasek and GIC are estimated to control more than $200bn in assets and they have emerged among the biggest investors in Asia.

The Temasek model appeals to China: a state-controlled investment company that is nevertheless run on for-profit lines.

Temasek has benefited from Asia's rise and the recovery of the financial markets.

Few have the experience or the specialised organisational structure of the Kuwait Investment Authority or of Temasek in Singapore.

Temasek is expected to release its annual review for the year ending March 31 in early July.

If the deal fails, CDB and Temasek will still retain a combined 5. 2 per cent in the British bank.

Moreover, Temasek's chief executive is Ho Ching, the wife of Singapore's prime minister.

Temasek also often invested alongside the fund on its deals.

Temasek. The fish tail tells that in the begin ning Singapore is a fishing village.

Temasek acquired a stake in BoA as a share swap in the Merrill deal.

Temasek will provide seed finance to Seatown, which is also expected to attract backing from institutional investors.

Temasek says it is not involved in any anti-competitive business practices.

But it will not act as a hedge fund, according to a person with knowledge of Temasek's thinking.

Temasek, the Singapore state-owned investment company, sold shares in two of China's big banks for $3. 6bn.

Its largest shareholder is Temasek Holdings.

Temasek declined to comment, as did Citic Securities.

Singapore, ahead of the game by 20 years, is reckoned to have a $440bn or so in investment agencies Temasek and GIC.

Temasek rebuffed the approach, the report said.

Temasek rebuffed the approach, the report said.

Charles Ong, his brother, is Temasek's chief strategist.

But Temasek's system keeps employees fixed on the right goals.

Temasek, the Singapore state investment agency, raised its holding in CCB to about 7 per cent.

Singapore Airlines and the government-owned investment company Temasek Holdings Pte.

Temasek already owned 6 per cent of CCB and is typically a long-term investor.

A spokesman for Temasek declined to comment.

But Mr Tongnoi's appointment was abruptly cancelled by Temasek last week.

Both Hopu and Temasek declined to comment.

Merrill sold the stake to Temasek for $48 per share, almost $5 a share lower than the stock's trading price on Monday.

Mr. Goodyear hasn't commented on the parting and Temasek also hasn't provided details on those differences.

Temasek Holdings has not only subtle relations with Singapore's political elite, but also those of neighboring countries.

BofA declined to comment. CCB could not be reached for comment. Temasek owned about 5. 6 per cent of CCB before the new agreement.

He will be joined by another senior Temasek colleague, Terry Hu, who has also resigned.

However, BII shares have soared 15 per cent since Temasek made its announcement to sell on February 25.

However, it is understood Temasek's investment managers balked at the $7. 55-a-share pricing.

Mr Ong is a former investment banker who joined Temasek in 2002.

Temasek would hold the third new seat on China Eastern's board, though it hasn't yet nominated a candidate, Mr. Li said.

Temasek holdings' average annual returns, since its founding in 1974, was 18 per cent.

But they also objected to Temasek as a buyer, because it is owned by Singapore's government.

Temasek's consortium paid $380m for its BII stake.

Temasek, a Singaporean entity created in 1974 to pool state-owned investments, started to change the mindset.

Temasek ranked third with $13bn.

Mr Dhanabalan revealed in a speech that Temasek's assets rose 13 per cent to S$185bn ($131bn) in the year ending March 31.

Ms Ho told Singapore's Institute of Policy Studies yesterday that Temasek would want only long-term investors if the proposal goes ahead.

At the time, Temasek purchased 135m shares, or about 1. 61 per cent of Barclays.

Temasek invested $5. 8bn in Merrill Lynch between December 2007 and July 2008.

Singaporeans think that Temasek's purchase will make them have a loss.

By the 14th century, Singapore had become part of the mighty Sri Vijayan empire and was known as Temasek ( "Sea Town" )

SIA and Temasek, the state investment agency, are offering HK$3. 80 for newly issued Hong Kong-listed H-shares in CEA.

Singapore Airlines and its parent Temasek were offering HK$3. 80 per share for newly issued Hong Kong-listed shares in the Chinese carrier.

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