Jeffrey Fang

DBS Gets Nod to Buy 40% of Danamon for $2.75 Billion

DBS Group Holdings Ltd. got approval from Indonesia’s central bank to acquire a $2.75 billion stake in PT Bank Danamon Indonesia, giving Southeast Asia’s largest lender less control than it had sought.

Temasek Increases Stake in ICBC as Goldman Ends Holding

Temasek Holdings Pte, Singapore’s state-owned investment company, boosted its stake in Industrial & Commercial Bank of China Ltd. for the third time in a year as Goldman Sachs Group Inc. exited its seven-year-old investment.

DBS Extends Deadline for Danamon Stake Acquisition From Temasek

DBS Group Holdings Ltd., which bid to acquire PT Bank Danamon Indonesia last year, extended a deadline to complete the deal with Temasek Holdings Pte by two months as the sale awaits approval from Indonesian regulators.

Olam Raises $712.5 Million From Oversubscribed Bond Offering

Olam International Ltd., the commodity supplier targeted by short-seller Carson Block, raised $712.5 million from a 10 percent-oversubscribed bond sale, which was backed by its two largest shareholders.

Temasek Purchases Bank of America Share of China Construction Rights Offer

Temasek Holdings Pte, Singapore’s state investment company, bought Bank of America Corp. ’s share of China Construction Bank Corp. ’s $9.2 billion rights offer, spokesman Jeffrey Fang said.

Singapore Bond Sales Beat Record as Economy Fires, Costs Plunge

Singapore bond sales are accelerating as companies on an island vying for the title of world’s fastest-growing economy exploit the lowest funding costs in at least two decades to finance expansion.

Temasek Raises $2.48 Billion Selling China Bank Shares

Temasek Holdings Pte., Singapore’s state-owned investment company, sold $2.48 billion of shares in Bank of China Ltd. and China Construction Bank Corp. less than a month after investing in their larger rival.

Hana Financial Tumbles in Seoul After Temasek Sells Stake at Lower Price

Hana Financial Group Inc. dropped the most in a year after Temasek Holdings Pte sold its stake in South Korea’s fourth-biggest financial company at a lower price than offered previously.

Standard Chartered Says Temasek Vote Not a Criticism of Strategy

Standard Chartered Plc said Temasek Holdings Pte wasn’t being critical of the bank’s strategy and leadership when it declined to back the election of non- executive directors in May.

Danamon Deal Priced to Fail Over Singapore Bank Clash: Real M&A

PT Bank Danamon Indonesia is trading at the biggest discount to any pending takeover offer in Asia, signaling arbitragers aren’t convinced that Singapore and Jakarta will resolve differences over bank access anytime soon.

"We note the announcement from Bank Indonesia and will evaluate duly."

- Jeffrey Fang on May 21, 2013

Singapore

Hong Kong

Indonesia

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