Temasek Holdings Pte, the Singapore state-owned investment company, will start a venture with Dymon Asia Capital (Singapore) Pte to back new hedge fund managers and strategies as it becomes a minority stakeholder in the firm.
Temasek Holdings Pte unit’s offer to take over Olam International Ltd. shows Singapore’s investment firm is more active compared with other state-owned investors, according to the Sovereign Investment Lab.
Temasek Holdings Pte, Singapore’s state-owned investment company, is in advanced talks to purchase a strategic stake in A.S. Watson & Co., the retail arm of Hutchison Whampoa Ltd., the Wall Street Journal reported.
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.
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.