Temasek Holdings

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 ...
CapitaLand and Ascendas-Singbridge in $11 bil deal to create Asia’s largest diversified real estate group
SINGAPORE (Jan 14): CapitaLand is acquiring all the shares in two subsidiaries of Ascendas-Singbridge (ASB) from Temasek to create the largest diversified property group in Asia. The proposed transaction is valued at $11 billion and is subject to approval by CapitaLand’s independent shareholders at an Extraordinary General Meeting (EGM), to be convened by 1H19. Once the deal is completed, ...
Why is Temasek selling Watsons? It's elementary
(Jan 9): Private equity firms in Asia, which are sitting on plenty of dry powder, can look to a fresh target in the world’s largest health and beauty retailer. They may get a bargain. Temasek Holdings is considering selling part of the 25% stake it holds in A.S. Watson & Co, Vinicy Chan and Elffie Chew of Bloomberg News reported Monday, citing people with knowledge of the matter. It paid ...
Temasek said to explore options for stake in A.S. Watson
HONG KONG (Jan 8): Singapore state investment firm Temasek Holdings is exploring options for its stake in global retailer A.S. Watson Group, including a partial sale, people with knowledge of the matter said. Temasek is working with an adviser to consider possibilities for its 25% holding in A.S. Watson after receiving some preliminary interest, according to the people, who asked not to be ...
Temasek to explore AI, blockchain deals with experimental pods
(Nov 25): Temasek Holdings, Singapore’s state investment firm, is setting up new groups to explore opportunities in artificial intelligence and blockchain technologies. Temasek is creating so-called “experimental pods” to focus on these two areas, which it sees as long-term trends impacting multiple industries and geographies, according to an internal memo obtained by Bloomberg. Chia ...
Temasek acquires minority stake in lung-delivered drug system Aerogen
SINGAPORE (Nov 8): Temasek has acquired a minority stake in Ireland-based designer and manufacturer of aerosol drug delivery systems, Aerogen, through the purchase of a secondary share interest, according to media reports. However, the financial terms of the transaction were not disclosed. John Power, founder and CEO of Aerogen, says, “We are excited to realise the growth opportunities ...