Temasek Holdings
Country: Singapore
Established: 1974
US$ Billion: 159
Origin: Non-commodity
Transparency Rating: 7
Summary:
Temasek Holdings is an Asian investment company owned by the Government of Singapore.
Background:
In the 1960s the Government of Singapore already had direct stakes in local industries. The Ministry of Finance established Temasek Holdings in 1974 to manage these assets. As the years progressed, Temasek began to diversify its holdings from the local Singapore market, to other surrounding countries.
Temasek does not consider itself a sovereign wealth fund.
Strategies and Objectives:
Active shareholder and investor in diverse industry sectors such as banking & financial services, real estate, transportation & logistics, infrastructure, telecommunications & media, bioscience & healthcare, education, consumer & lifestyle, engineering & technology, as well as energy & resources.
Subsidiaries of Temasek Holdings:
1. Orchard Energy Pte Ltd
AUM:
Created in June 2007, it is a subsidiary engaged in investment in energy exploration and development
News and Updates
4/22/2008
Singapore's Temasek creates oil subsidiary to diversify
According to Reuters, "Singapore state investor Temasek Holdings has set up an oil exploration subsidiary to help diversify its financials-heavy portfolio, entering a sector crowded with national oil companies and majors."
read more: Reuters
3/29/08
Maybank at 6 year low after analysts say BII offer overpriced
Malayan Banking Bhd. fell the most in more than six years in Kuala Lumpur trading after analysts said a $2.7 billion offer for PT Bank Internasional Indonesia is overpriced and will undermine its ability to pay dividends. Malaysia's biggest bank dropped 55 sen, or 6.2 percent, to 8.40 ringgit at the 5 p.m. close on the city's stock exchange, the steepest decline since Sept. 21, 2001. Citigroup Inc. and Morgan Stanley cut their ratings on the stock.
read more: Bloomberg
3/29/08
Temasek says investors passed "the point of maximum fear" regarding global credit squeeze
Temasek Holdings Pte's fund management unit said investors have passed "the point of maximum fear" amid the global credit squeeze and it expects to meet a target of US$3 billion in assets by June. Fullerton Fund Management, which oversees US$2.5 billion of third-party money and an undisclosed amount of capital for Singapore's sovereign wealth fund, saw the U.S. Federal Reserve's decision to rescue Bear Stearns Cos. from bankruptcy as a turning point, Fullerton's Chief Executive Officer Gerard Lee said.
read more: China Post
3/29/08
Temasek sells Bank Internasional Indonesia stake to Maybank for US $1.5 billion
Singapore state-linked investment company Temasek Holdings said Wednesday it has agreed to sell its 75 percent stake in Sorak Financial Holdings Pte Ltd, an investment vehicle that holds a 56 percent stake in Bank Internasional Indonesia (BII), to Malaysia's Malayan Banking Bhd (Maybank) for 1.5 billion US dollars. "The strategic and financial rationale for the acquisition is extremely compelling. The acquisition will transform our growth prospects in Indonesia and is a huge step forward in our strategy to regionalize our operations through investments in selected high-growth markets," said Aminuddin Desa, acting chief executive of Maybank.
read more: Trading Markets
3/20/08
Temasek invests $100 Million in 9You Online Games
Chinese online games operator 9You announced today that the company has received $100 million in equity investment from Temasek Holdings and other investment institutions. The investment came after 9You’s launch of GTown, a virtual world integrating 9You’s existing online games. 9You says the investment will help the company to continue transforming its business into an entertainment virtual community. Founded in 2003, 9You is currently operating one of China’s most popular online casual games Audition. By February 2008, the company’s games combined have more than 1 million peak concurrent users. The company is planning an IPO later this year.
read more: Redline China
3/17/08
Temasek Holdings sells Power Plant
Singapore's state-owned investment company Temasek Holdings Pte. Ltd. said Friday it has sold a power plant to a Chinese power producer for 4.235 billion Singapore dollars ($3 billion). Temasek sold Tuas Power Ltd. - one of three power generation companies that Temasek has for sale - to China Huaneng Group through a bidding process, and expects the transaction to be completed by March 24, it said in a statement.
read more: Forbes
2/13/08
Temasek raises stake in Standard Chartered
In response to a recent downfall for the banking industry, Temasek Holdings has raised its stake in volatile shares of Standard Chartered plc past 20 percent.
Location
HEADQUARTERS
Temasek Holdings (Private) Limited
(Regn No: 197401143C)
60B Orchard Road
#06-18 Tower 2
The Atrium@ Orchard
Singapore 238891
Tel: +65 6828 6828
Fax: +65 6821 1188
Website
Temasek Site
Major Direct Foreign Investments (Public)
| Company |
Country |
Industry |
% Ownership |
Comments |
| Global Crossing Ltd |
Bermuda |
Telecommunications |
53.8% |
Temasek Holdings Pte. Ltd |
| Lai Fung Holdings Ltd |
Hong Kong |
Financials |
20% |
|
| Standard Chartered Plc |
United Kingdom |
Financials |
19.3% |
Temasek Holdings Pte. Ltd |
| Bank of China Ltd |
China |
Financials |
15.51% |
|
| ABC Learning Centres |
Australia |
|
14.66% |
|
| Sino Forest Corp |
Canada |
Basic Materials |
13.2% |
Temasek Holdings Pte. Ltd |
| Vical Inc |
United States |
Health Care |
12.71% |
|
| Equinix Inc |
United States |
Technology |
11.88% |
|
| Citic Resources Holdings Limited |
Hong Kong |
Industrials |
10.79% |
|
| Merrill Lynch |
United States |
Financials |
9.4% |
Subprime Infusion - $4.4 Billion |
| Hana Financial Group Inc |
South Korea |
Financials |
8.73% |
|
| Intercell AG |
Austria |
Technology |
8.70% |
|
| ICICI Bank Ltd |
India |
Financials |
8.5% |
|
| M Dream Inworld Ltd |
Hong Kong |
Technology |
8.18% |
|
| Air China |
China |
Consumer Services |
6.94% |
|
| Xinyu Hengdeli Holdings Ltd |
Hong Kong |
Consumer Goods |
6.32% |
|
|
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
Last updated April 22 2008
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