Temasek Holdings

Briefs
SINGAPORE (May 27): “We believe that the president of the US is engaged in a cover-up.” — US House Speaker Nancy Pelosi, following a meeting with other Democratic Party leaders on whether or not to impeach US President Donald Trump. Singapore and Malaysia suspend intercity rail project The construction of a $1.4 billion rail project linking Singapore and Malaysia’s southern state of ...
HPH Trust feels full-blown effect of US-China trade war
SINGAPORE (May 17): The board of Hutchison Port Holdings Trust (HPH Trust), led by chairman Canning Fok, had to face frustrated shareholders at its annual general meeting, which this year was held on the morning of April 26. One shareholder, of example, asked whether HPH Trust would be privatised so he could be “put out of his misery”. Long-time unitholders of HPH Trust will be familiar ...
Temasek-backed Impossible Foods raises US$300 mil in latest Series E funding
SINGAPORE (May 14): Impossible Foods announced that it has raised US$300 million ($410.5 million) in its latest Series E funding round, led by existing investors Temasek and Horizon Ventures. See: Temasek-backed Impossible Foods to contest Bill Gates' Beyond Meat in Singapore Impossible Foods was launched in 2011 and is a Silicon Valley-based company that makes meat and dairy products ...
Briefs
SINGAPORE (May 13): “I have waited my entire career to trade a stock like this, and to open an IPO like Uber.” — Pete Giacchi, senior trader at Citadel Securities. Uber is set to start trading on May 10. MAS shifts $45 billion of reserves to GIC in unusual, publicised move In an unusual public announcement, the Monetary Authority of Singapore says it is transferring $45 billion from ...
VC firm Jungle Ventures raises US$175 mil from investors including Temasek
(Apr 30): Singapore’s Jungle Ventures has raised US$175 million ($238 million) from investors including Temasek Holdings for the first close of its third fund, according to people familiar with the matter. The firm is likely to exceed its original target of US$200 million as it finishes raising money for the fund in the next few months, said the people, asking not to be named because the ...
Why CapitaLand's purchase of Ascendas-Singbridge isn't fair to minorities, and what can be done about it
SINGAPORE (April 8): CapitaLand has made a convincing case for why its proposed acquisition of the Ascendas-Singbridge group from Temasek Holdings is in its long-term interest. But it hasn’t demonstrated that its minority investors are being treated fairly in the transaction. Temasek quite obviously benefits at their expense. CapitaLand has proposed to acquire Ascendas-Singbridge for almost ...
CapitaLand Commercial Trust said to pursue $1.5 bil Duo office tower
SINGAPORE (Mar 20): CapitaLand Commercial Trust (CCT), Singapore’s biggest office landlord, is among suitors in talks about a potential acquisition of the Duo office and retail development in the city, people with knowledge of the matter said. The real estate investment trust has been negotiating the purchase of a 39-story office building called Duo Tower, along with the connected Duo ...
SingPost seen likely to sell, shut US e-commerce unit: analysts
SINGAPORE (Mar 13): Singapore Post is likely to wind down or sell its loss-making US e-commerce business after conducting a strategic review of the unit, according to a Bloomberg survey. A potential divestment or shuttering of the business will bode well for SingPost’s long-term profitability, according to four analysts covering the stock. Two brokers including CLSA have factored in benefits ...
Temasek's ST Telemedia starts AI startup to serve Asian firms
SINGAPORE (Mar 11): ST Telemedia, a unit of Singapore state investment firm Temasek Holdings, has set up a startup to help Asian companies adopt artificial intelligence and cloud technologies, in line with the city-state’s ambitions to transform the economy through technology. The startup, called Leap, has grown its team to 60 AI and cloud professionals since it was established 10 months ...
How CapitaLand's latest acquisition could implicate our nation's coffers
SINGAPORE (Jan 18): CapitaLand’s acquisition of two subsidiaries of Ascendas-Singbridge (ASB) is a pretty sweet deal for Temasek. The Singaporean state investment arm is enlarging its stake in CapitaLand – specifically from 40.8% to about 51% – at a time when shares in the integrated property developer are trading at depressed levels. With the ASB units under its belly, CapitaLand ...