Temasek-backed Impossible Foods to contest Bill Gates' Beyond Meat in Singapore

SINGAPORE (Mar 6): Starting today, blocks of Impossible Foods Inc.’s plant-based meat will be delivered to eight restaurants in Singapore to be made into a variety of cuisine from burgers and ‘meatballs,’ to char kway teow and ‘beef’ Wellington.

Headquartered in California, the Temasek-backed firm’s entrance into Singapore comes hot on the heels of its rival Beyond Meat, a Los Angeles-based startup backed by Microsoft’s Bill Gates.

Temasek subsidiary and Bank of China jointly acquire 27 community banks in $321 mil deal

(Aug 28): Fullerton Financial Holdings (FFH), a portfolio company of Singapore investment company Temasek, and Bank of China (BOC) on Tuesday jointly acquired 27 community banks from China Construction Bank Co (CCB).

The deal is valued at RMB1.61 billion ($321 million), setting a new record in terms of the number of community banks being transferred in a single transaction.

Temasek, GIC said to mull stake in owner of Salt Bae steakhouse

SINGAPORE (Mar 8): A consortium of three global investors comprising Singapore’s sovereign wealth fund GIC and Singapore investment firm Temasek, as well as London investment firm Metric Capital, are said to be close to buying a minority stake in a restaurant group valued at close to US$1.5 billion ($2 billion).

Temasek's Ion Investments to divest stake in South Korean pharma for $1.35b block deal

SINGAPORE (Mar 7): Ion Investments, which is controlled by Temasek Holdings of Singapore, is selling part of its stake in South Korean pharmaceutical company Celltrion and distributor Celltrion Healthcare, IFR reported on Tuesday, citing a term sheet.

In a block deal worth up to 1.1 trillion won ($1.35 billion), Ion plans to sell up to 2.24 million shares in Celltrion for 336,700 to 347,800 won each and up to 2.29 million shares in Celltrion Healthcare for 108,654 to 112,236 won each, IFR said.

Wealth Management Institute at NTU launches new training programmes for bankers

SINGAPORE (Dec 7): Nanyang Technological University (NTU) is helping to develop Singapore’s and Asia’s finance and wealth management industry by deepening Singapore’s talent pool to provide high quality wealth advisory solutions and develop asset management capabilities.

NTU’s Wealth Management Institute (WMI) has been selected as the lead training provider by the Institute of Banking and Finance (IBF), in consultation with the Monetary Authority of Singapore (MAS) and industry.

Winds of change are blowing favourably for this healthcare stock

SINGAPORE (Nov 15): OCBC Investment Research is ceasing coverage on Health Management International (HMI) due to an internal reallocation of its resources.

In a Tuesday report, lead analyst Joseph Ng says the group’s 1Q18 results came in largely in line with expectations, with its PATMI of RM13.8 million forming 23.9% of FY18 forecasts partially due to the consolidation exercise that occurred earlier this year, resulting in 100% of the group’s net profit becoming attributable to shareholders.

China's HNA boosts Dufry stake, pursues CWT purchase plan

(Aug 21): Chinese conglomerate HNA Group has completed the acquisition of a 16.2% stake in Swiss airport retailer Dufry AG from Singaporean sovereign funds GIC and Temasek, Dufry and HNA said on Monday.

See: HNA is said to schedule long-awaited vote on US$1 bil CWT deal

Cash-strapped SoundCloud gets new funds from Raine, Temasek

FRANKFURT (Aug 16): SoundCloud, the world's most popular streaming music app, but one that has struggled to find a profitable business model, said it received new funding on Friday, insulating it from potentially running out of cash this year.

The company, which laid off 40% of its staff in July, said in a blog post that the financing was raised from media-focused investment bank Raine Group of New York and Singapore's state-owned investment fund Temasek.

It did not disclose the amount or its terms. Raine and Temasek were not immediately available for comment.

SoundCloud close to sale of stakes to Raine, Temasek

LOS ANGELES (Aug 2): SoundCloud Ltd. is close to selling stakes to the Raine Group and Temasek Holdings, deals that would help stabilize the owner of the popular music-streaming service, according to people familiar with the matter.

The deal with Raine, a boutique bank that invested in Vice Media Inc. and advised Softbank Group Corp. on its acquisition of Sprint Corp., could close by the end of this week, said the people, who asked not to be identified discussing private negotiations. Temasek is Singapore’s state investment firm.

Temasek's net portfolio value rises 14% to record $275 bil for FY17 ended March

SINGAPORE (July 11): Singapore state investment company Temasek has announced that its net portfolio value for the year ended March rose 14% to $275 billion.

It also closed the year in a net cash position. One-year total shareholder return (TSR) is at 13%.

Dividend income from its portfolio was $7 billion, about 19 times its interest expense for the year, says the company in its annual Temasek Review report today.


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