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Temasek Holdings: Letter to Australian Media on March 23

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The letter states, “To whom it may concern:

We wish to provide key facts about Temasek for your readers.  As affirmed in our previous letter to the Australian media on 31 October 2010, Temasek plays no part in the governance, operations or investment decisions of the Singapore Exchange (SGX).

While Temasek owns SEL Holdings, a special purpose entity which holds a 23.5% stake in SGX, this stake is held by Temasek for the benefit of the Financial Sector Development Fund, with no control or influence over SGX.

By law, SEL is not permitted to exercise or control the exercise of votes attached to the SGX shares, and therefore cannot vote in any shareholder vote on the ASX-SGX proposal. Temasek is in effect a non-voting trustee for the SEL shares in the SGX, and plays no part in the SGX offer for the ASX.”

Read the Full Letter: Temasek Holdings

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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