Philip Chua Business Blog

Posts Tagged ‘Temasek’

Instead they appointed Temasek unit ST Asset Management – a move backed by the independent directors – in a bid to revive the company’s flagging fortunes.

The move had been opposed by the previous manager, a unit of collapsed Australian investment bank Babcock & Brown, which fell victim to the financial crisis.

Babcock, the firm’s No. 1 shareholder with a 13.8 per cent stake, is in liquidat… more

A DECADE ago, investor Lui Chee Meng sank $30,000 into what he thought was a safe blue-chip company backed by Temasek Holdings.
Now, he has lost almost all the cash he put into Chartered Semiconductor Manufacturing, the world’s No. 3 chipmaker.
The loss made him so angry that he voted against the $5.6 billion acquisition of Chartered by a Middle Eastern fund.
But the sale went through anyway, as o… more

INVESTORS have reportedly pounced on a $1.5 billion sale of bonds by Temasek Holdings – its first such offering since 2005.
One report said the issue had sold out within hours with orders for US$4 billion (S$5.5 billion) worth of the 10-year bonds from around the globe far exceeding what was on offer.
Temasek offered a coupon of 4.3 per cent – the annual interest rate paid on the bond – which is n… more

TEMASEK Holdings is capitalising on buoyant financial markets to sell bonds that will raise hundreds of millions of dollars for its activities.
The 10-year bond issue – marking only the second time the company has tapped the bond markets for financing – comes after a difficult year in global equity markets for the investment firm.
Temasek unit Temasek Financial, which will issue the notes, said ye… more

THE Singapore Government adopts a principled approach in its disclosures on Temasek Holdings and does not just reveal what it deems acceptable, said the Ministry of Finance (MOF) in response to a recent editorial in Wall Street Journal Asia.
MOF’s reply, which was published in yesterday’s Journal, said the principle is that the Government will disclose ‘all relevant information Singaporeans need t… more

THE investments Temasek Holdings has made in rights issues over the past eight months have surged by around 184 per cent on the back of rocketing global equity markets.
Data compiled by The Straits Times from public information shows that Temasek has spent about US$2.9 billion (S$4.2 billion) subscribing to new shares of companies in which it already holds stakes.
It began its round of investments… more

(SINGAPORE) Temasek Holdings’ plan to raise long-term capital from retail investors for co-investments in the future could take various forms, bankers and analysts said yesterday. But, irrespective of the final shape of these plans, the Singapore investment firm will likely have to open its books far more to potential investors than it has, so far, some said.
It is by no means certain at this stag… more

(SINGAPORE) Temasek Holdings may open its doors to co-investments from the general public within the next decade to broaden its stakeholder base, chief executive Ho Ching said yesterday.
It is still unclear how such investments would be made, but Ms Ho said that Temasek would first test any plans for joint investments with ’sophisticated’ investors during the next five to eight years.
‘If this pil… more