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Encyclopedia > Temasek Holdings
Temasek Holdings
Image:Logo_01.jpg
Type Private
Founded 1975
Headquarters Singapore
Key people S Dhanabalan, Chairman
Ho Ching, CEO
Industry Investment services
Products N/A
Revenue Undisclosed
Website www.temasek.com.sg

Temasek Holdings is the investment arm of the Singapore government and owned 100% by the Ministry of Finance. Its Chief Executive, Ho Ching, is the wife of current Singapore's Prime Minister and Minister for Finance, Lee Hsien Loong. Image File history File links Logo_01. ... A private company is a company that is independently owned. ... S Dhanabalan was a very important political leader in Singapore in the 1980s. ... Ho Ching (Chinese: 何晶; Pinyin: Hé Jīng) is the executive director of Temasek Holdings. ... Invest redirects here. ... Revenue is a U.S. business term for the amount of money that a company earns from its activities in a given period, mostly from sales of products and/or services to customers. ... This page as shown in the AOL 9. ... Ho Ching (Chinese: 何晶; Pinyin: Hé Jīng) is the executive director of Temasek Holdings. ... This is a Chinese name; the family name is 李 (Li). ...

Contents

History

In the early 1960s, the Singapore government took stakes in a variety of local companies, in sectors like manufacturing and shipbuilding. Prior to the incorporation of Temasek Holdings in 1974, these stakes were held at first by the Ministry for Finance (Incorporated). Ministry for Finance (Incorporated) is Temasek Holding's single shareholder today. 1960 (MCMLX) was a leap year starting on Friday (the link is to a full 1960 calendar). ... Manufacturing, a branch of industry which accounts for about one-quarter of the worlds economic activity, is the application of tools and a processing medium to the transformation of raw materials into finished goods for sale. ... Men from Francisco de Orellanas expedition building a small brigantine, the San Pedro, to be used in the search for food Shipbuilding is the construction of ships. ... 1974 (MCMLXXIV) was a common year starting on Tuesday. ...


In addition to Temasek, the government of Singapore has one other investment arm, the Government of Singapore Investment Corporation (GIC), which invests primarily the government's foreign reserves. The Government of Singapore Investment Corporation (GIC) is a global investment management company established in 1981 to manage Singapores foreign reserves. ...


Ho Ching was appointed executive director of Temasek Holdings in 2002. She is the second wife of Lee Hsien Loong, who became Prime Minister of Singapore in 2004. Ho Ching (Chinese: 何晶; Pinyin: Hé Jīng) is the executive director of Temasek Holdings. ... For album titles with the same name, see 2002 (album). ... This is a Chinese name; the family name is 李 (Li). ... A prime minister is the most senior minister of a cabinet in the executive branch of government in a parliamentary system. ... 2004 (MMIV) was a leap year starting on Thursday of the Gregorian calendar. ...


Investments

As of 2004, it owns stakes in many of Singapore's largest companies, such as SingTel, DBS Bank, Singapore Airlines, PSA International, SMRT Corporation, Singapore Power and Neptune Orient Lines. It also holds investments in public icons like the Raffles Hotel and the Singapore Zoo. It also holds a stake in Singapore Pools, the only legal betting company in Singapore. On October 14, 2004, it announced that it was closing the operational headquarters of Singapore Technologies and transferring the latter's assets to itself. Singapore Telecommunications Limited SGX: T48 (commonly abbreviated as SingTel) is Singapores largest telecommunications company. ... DBS Bank Branch in Hong Kong. ... Singapore Airlines Limited (Abbreviated: SIA; Malay: Syarikat Penerbangan Singapura, Chinese: ; pinyin: Xīnjīapō Hángkōng Gōngsī; abbreviated 新航) SGX: S55 is the national airline of Singapore, with a strong presence in Southeast Asia, East Asia, South Asia, and a major player on the competitive kangaroo route between Europe... Logo PSA International Pte Ltd is the worlds second largest port operator in terms of container throughput handled, and is headquartered in Singapore, the base of its biggest operations where it has an overwhelming presence in the Port of Singapore. ... // Logo A C651 SMRT train approaching Jurong East MRT Station Singapore Mass Rapid Transit (SMRT) Corporation (SGX: S53) is a public transport operator founded on August 6, 1987. ... Categories: Possible copyright violations ... Neptune Orient Lines. ... The grand entrance of the Raffles Hotel The Raffles Hotel as seen from Beach Road surrounded by lush greenery Interior view of Raffles Hotel Raffles Hotel (Chinese: 莱佛士酒店) is a colonial-style hotel in Singapore, dating from 1887, and named after Singapores founder Sir Stamford Raffles. ... Entrance to the Singapore Zoo. ... Singapore Pools is the legal lottery operator in Singapore, incorporated in 1968 to curb illegal gambling. ... October 14 is the 287th day of the year (288th in leap years) in the Gregorian calendar. ...


About half of its managed assets are external to Singapore and this includes stakes in telecommunication companies such as Telekom Malaysia. It has also taken up stakes in foreign financial institutions such as PT Bank Danamon in Indonesia and NIB Bank in Pakistan. Temasek-linked companies (TLCs) also hold an extensive global portfolio, such as SingTel's ownership of Australian telco Optus. Telekom Malaysia Berhad (TM) is the largest telecommunication company in Malaysia. ... SingTel Optus Pty Limited is the second largest telecommunications company in Australia, and is a wholly owned subsidiary of SingTel (ASX: SGT). ...


Although 75% of Temasek's holdings is in Singapore, it has set a target of eventually reducing this to only one-third. Another one-third will be in developed markets and the final third is planned for investment in developing economies. Temasek Holdings is said to have $65 billion dollars in assets (according to Bloomberg).


Now Temasek Holdings is set to enter the NBFC market in India and is aiming SME and direct to consumer credits. Temasek has already started an office in Mumbai by floating its wholly owned subsidiary named First India Credit Ltd. Mumbai (IPA: ,Marathi: मुंबई), formerly known as Bombay, is the capital of the state of Maharashtra, and the most populous city of India, with an estimated population of about 13 million (as of 2006)[1]. Mumbai is located on Salsette Island, off the west coast of Maharashtra. ...

Finance & Banking

Telecom & Media DBS Bank Branch in Hong Kong. ... Hana Financial Group Inc. ... ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is Indias largest private bank. ... The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Yínháng; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... The NIB Bank Limited (formerly NDLC-IFIC Bank Limited) was incorporated in March 2003 as a public listed company. ... Standard Chartered Bank (LSE: STAN, SEHK: 2888) is a British bank headquartered in London with operations in many countries, especially in Asia, Africa and the Middle East. ...

Multi-Industry // MediaCorp (Chinese: ; pinyin: Xīn Chuánméi) is a conglomeration group of commercial media companies in Singapore specializing largely in television and radio broadcasting, and to a lesser extent, in periodicals and newspaper publishing and filmmaking. ... Singapore Press Holdings Limited (SPH) is the leading newspaper and magazine publisher in Singapore. ... Singapore Telecommunications Limited SGX: T48 (commonly abbreviated as SingTel) is Singapores largest telecommunications company. ... Shin Corporation (SET: SHIN; NASDAQ: SHNZY; NASDAQ: SHNVF; NASDAQ: SHNUF) is the largest conglomerate in Thailand. ... Telekom Malaysia Berhad (TM) is the largest telecommunication company in Malaysia. ...

Transport & Logistics Keppel Corporation Limited (SGX: K02) is a company with diversified operations, particularly in the real property investment, offshore and marine, and infrastructure sectors. ... SembCorp Industries Limited (SGX: U96) is a Singapore area based provider of infrastructure services including utilities, engineering, construction, environmental engineering, supply chain logistics, physical fulfullment and marine engineering. ...

Property Logo PSA International Pte Ltd is the worlds second largest port operator in terms of container throughput handled, and is headquartered in Singapore, the base of its biggest operations where it has an overwhelming presence in the Port of Singapore. ... Singapore Airlines Limited (Abbreviated: SIA; Malay: Syarikat Penerbangan Singapura, Chinese: ; pinyin: Xīnjīapō Hángkōng Gōngsī; abbreviated 新航) SGX: S55 is the national airline of Singapore, with a strong presence in Southeast Asia, East Asia, South Asia, and a major player on the competitive kangaroo route between Europe... Jetstar Asia Airways Private Limited (Chinese: 捷星亚洲航空公司) is an airline based in Singapore. ... Tiger Airways Private Limited is a low-cost airline based in Singapore. ... SpiceJet is an airline based in New Delhi in India. ... Neptune Orient Lines. ... // Logo A C651 SMRT train approaching Jurong East MRT Station Singapore Mass Rapid Transit (SMRT) Corporation (SGX: S53) is a public transport operator founded on August 6, 1987. ... SembCorp Logistics Limited (SGX: U81) is a logistics company linked to SembCorp Industries based in Singapore. ...

  • CapitaLand (44.5% as of 2005) (link)
  • Mapletree Investments (link)
  • Keppel Land (link)
  • The Ascott Group (link)
  • Raffles Holdings (link)

Infrastructure & Engineering CapitaLand Limited (SGX: C31) is Southeast Asias largest property company. ... Raffles Holdings is the parent company of Raffles International. ...

Utilities Singapore Technologies Engineering is a global defence and engineering group of over 100 subsidiaries in 29 cities in 17 countries. ... SembCorp Marine Limited (SGX: S51) is part of SembCorp Industries, an Asian company based in Singapore. ...

  • Singapore Power (link)
  • PowerSeraya (link)
  • Senoko Power (link)
  • Tuas Power (link)
  • Sembcorp Utilities
  • City Gas
  • Gas Supply
  • China Power

Others Categories: Possible copyright violations ...

Pharmaceuticals Chartered Semiconductor Manufacturing (SGX: C27) (NASDAQ: CHRT) (abbreviated CSM) is the worlds third largest dedicated independent semiconductor foundry, with its headquarters and main operations located in Singapore. ... The Aetos Security Management Private Limited, is one of the three private security companies authorised to provide armed security officers in Singapore to government organisations as well as private companies. ...

  • Quintiles (16% as of 2004)
  • Matrix Laboratories (14% as of 2004)

Source: Temasek Holdings Quintiles Transnational Corp. ...


Earnings

2004

  • To satisfy the legal requirements in issuing bonds to raise money from the public, Temasek reported its accounts to the public for the first time in its 30-year history on October 12. Net profit was S$7.4 billion (US$4.4 billion) on revenues of S$56.5 billion for the financial year closing on March 2004. Its 2003 profit was S$241 million on revenues of S$49.65 billion in the previous financial year, while its 2002 profit was S$4.92 billion on revenues of S$42.56 billion.
  • The 2004 report states that Temasek manages S$90 billion in assets. This represents an average total shareholder return of 18% year-on-year since 1974. This single year return was quite controversial as the average return over its 30-year history is only around 3[citation needed]%, far below the industry average. Government Linked Companies lack transparency, for example Temasek had never opened its books until 2005.Standard & Poor's assigning Temasek Holdings a AAA credit rating for "the best companies". At the time of this report, the various Temasek holdings held one-third of Singapore's stock market capitalization between them.

October 12 is the 285th day of the year in the Gregorian calendar (286th in leap years). ... The Singapore dollar, divided into 100 cents, is the monetary unit of Singapore (currency code SGD). ... The United States dollar is the official currency of the United States. ... 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... Publications Standard & Poors publishes a weekly (48 times a year) stock market analysis newsletter called The Outlook, which is issued both in print and online to subscribers. ...

Investments in 2005

  • Temasek, through its 100% owned subsidiary Vertical Theme, bought a 14.73% stake in MPlant (Malaysia Plantation) which in turns owns Malaysia's smallest bank Alliance Bank. The deal was worth Ringgit 463.59million.
  • Temasek bought a 25% stake in one of Pakistan's smallest banks, NDLC-Ific Bank.
  • Temasek bought a 2.6% stake in Russian TeleSystems for US$300 000 000(S$491 million) thus expanding its investments to Eastern Europe.
  • Temasek Holdings bought a stake in Mahindra & Mahindra - India's biggest maker of sport utility vehicles and tractors. Temasek made the purchase through its wholly owned unit Aranda Investments (Mauritius) Ltd. It bought 5.5 million shares in the market representing a 4.7 percent stake. Temasek declined to give any financial details, but based on 30 March's closing price, it would have cost some US$62 million. The move comes after Mahindra & Mahindra and Ford Motor ended their partnership in India by selling their cross-holdings.
  • Vietnam's Pacific Airlines will sell a 30% stake to Temasek Holdings Pte. in the second half of 2005. A Ministry of Finance official said Pacific Airlines is now valued at $167 million, and Temasek will invest $50 million to acquire the 30% stake. With the cash injection from Temasek, Pacific Airlines, which has accumulated debts of VND215 billion ($14 million) after more than 10 years in operation, will be able to pay off its debts and prepare for new developments, he said.
  • Temasek Holdings will invest US$1.4 billion at the initial public offering (IPO) price during the China Construction Bank's planned international IPO, a bank spokesman announced Monday. China Construction Bank (CCB) and Asia Financial Holdings Pte. Ltd. (AFH), a wholly owned subsidiary of Temasek, signed a definitive agreement in connection with the strategic investment in CCB on July 1 for a 5.1% stake, the spokesman revealed
  • Temasek Holdings Ltd announced on 8 July 2005 that it had almost tripled its stake in Pakistan's NDLC-IFIC Bank (NIB.KA), or NIB, as it expands into South Asia's fastest-growing economy from 25% to 72.6% for US$57 million. NIB is Temasek's sole investment in Pakistan, whose economy grew by 8.35% in the last fiscal year ending June 30; the fastest growth rate in 20 years. In a statement, Temasek said it is grateful to NIB shareholders for giving it the "opportunity to take a majority stake in the bank, and for their confidence in allowing us to work with the board and management to fulfill our common vision of building NIB into a leading bank in Pakistan." Temasek is hopeful about the growth prospects of Pakistan, particularly the financial sector and believes that NIB is well positioned to capitalize on this growth, it said. It was first revealed in January that Temasek had bought a 25% stake in NIB, a small commercial bank, through Bugis Investments, a wholly owned subsidiary of Asia Financial Holdings, or AFH. On June 30, AFH was allotted fresh shares by NIB's board of directors, raising Bugis' ownership of NIB from 25% to 72.6%, Temasek said. AFH is a wholly owned unit of Temasek Holdings. NDLC-IFIC Bank, itself the product of a merger between two financial institutions in 2003, also bought the local banking unit of French bank Credit Agricole (4507.FR) that same year.
  • Temasek Holdings has joined a group of private equity groups in investing $70 million in Russian tyre production group Amtel Holland Holdings, an Amtel statement said. In March, Temasek bought a 2.6 percent stake worth about $372 million in Russia's top mobile phone firm Mobile TeleSystems. Temasek joined Alfa Bank Holdings in the latest round of fund raising by Amtel. Other investors in the group include Templeton Asset Management and Citicorp International Finance Corp. "Amtel is Temasek's first direct private investment in Russia, so it was important that we partnered with a company with an ethical and strong management team that was backed by other well-respected investors," said Manish Kejriwal, managing director for strategic development at Temasek. (8/7/05)
  • July 15, 2005 - Temasek Holdings eyeing a stake in Taiwan's Chang Hwa Commercial Bank (2801.TW), a source familiar with the situation said Friday. Chang Hwa, the island's sixth largest lender by assets, is offering 1.4 billion new shares, equivalent to a 22% stake, worth at least NT$25.17 billion based on the bank's lowest offering price of NT$17.98 a share. The source is involved in the transaction, and confirmed that Temasek is competing against a few Taiwanese financial holding firms for the Chang Hwa shares on offer. Chang Hwa has said it expects to close the deal by next Friday.
  • On 20 July 2005, Temasek Holdings has invested S$11 million in Mumbai-based Shringar Cinemas. Temasek says its wholly owned units, Aranda Investments (Mauritius) and Dunearn Investments (Mauritius), paid 62.5 rupees per share for the 14.9% stake. The shares were bought from India Value Fund which is managed by GW Capital. Shringar Cinemas operates multiplexes in India. Shares of Shringar traded at 74 rupees Wednesday morning on the Mumbai stock exchange. Earlier this month, Temasek announced that it's teaming up with London-based Sabre Capital to raise up to US$5 billion to invest in India. The money is to be pumped into equities and fixed-income markets of India's booming economy.
  • Thursday 21 July 2005, Temasek Holdings will try to hire Chinatrust Financial Holding Co. (2891.TW) President Eric Chen if it acquires a 22% stake in Chang Hwa Commercial Bank Ltd. (2801.TW), the Commercial Times reports, citing unnamed sources. The paper also cites Chen, a former banker at Citigroup Inc. (C), as saying he would consider an offer to become president of Chang Hwa if Singapore's state-owned investment company bid for the stake is successful. Temasek Holdings is competing against several Taiwanese financial holding firms, including Mega Financial Holding Co. (2886.TW) and Taishin Financial Holding Co. (2887.TW), for the stake backed by 1.4 billion new shares. Chang Hwa, Taiwan's sixth largest lender by assets, said it expects to close the deal Friday
  • On July 22, 2005, Chang Hwa accepted Taishin Financial's offer of NT$26.12 per share for the 1.4 billion shares being sold by Chang Hwa, Taiwan's sixth-largest lender by assets. Taishin's bid was valued at NT$36.6 billion. However, Temasek, Singapore's state-owned investment company, submitted another proposal for the 22% stake before Chang Hwa's board meeting on Friday, 29 July 2005.
  • On August 3, 2005, Temasek cut its stake in SMRT to 54.8% from 62.1% - Singapore's state-owned investment company, Temasek Holdings Pte Ltd, said Wednesday it has reduced its stake in commuter rail and bus operator SMRT Corp. (S53.SG) to 54.8% from 62.1% after it placed out 110 million ordinary shares for sale late Tuesday. The shares were placed at S$1.11 per share and sold to institutional investors, it said in a statement. SMRT shares ended Tuesday's session at S$1.16. Temasek said the placement was aimed at improving the liquidity of SMRT stock and widening the stock's investor base, benefiting all SMRT investors. The share placement raised approximately S$122 million.
  • On August 8, 2005, Temasek Holdings loses its bid to buy a stake in Bank of China to Royal Bank of Scotland. RBS, Europe's second-biggest lender, a 5% holding in Bank of China, though it will control the 10% holding on behalf of its co-investors. The deal is estimated that $3.1bn (£1.7bn)
  • On August 11, 2005, it was rumoured that Temasek was in talks with Bank of China to buy a stake in it. BOC plans to bring in four foreign investors to take a combined stake of nearly 25%, worth $6 billion, Caijing magazine reportsin its latest edition. Royal Bank of Scotland Group PLC (RBS.LN) and Singapore's Temasek Holdings will each take a 9.9% stake in Bank of China, the report said, without citing any sources. UBS AG (UBS) and the Asian Development Bank will together hold a 5% stake
  • On August 10, 2005, Temasek Holdings raised a total of S$580 million from placing out a 7.5% stake in property developer CapitaLand. Temasek revealed that it had placed out 200 million ordinary shares in CapitaLand at $2.90 each. That brings its shareholding in the property developer down to 44.5%, from 52%. Temasek remains the single largest shareholder in the company.
  • On August 11, 2005, Chinese property firm Hopson Development Holdings Ltd. said it was selling a 16.7 percent stake in the company to Singapore state investment agency Temasek [TEM.UL] and a fund, Tiger Global, for HK$977.93 million ($125.4 million). The two strategic investors -- Aranda, a unit of Temasek, and Tiger Global, managed by Tiger Global Management -- will each own 8.33 percent of the company's enlarged issued share capital, after an issue of new shares, Hopson said in a statement.
  • On August 24, 2005, there was rumour that Temasek Holdings may double its investment in China Construction Bank to $2.4 billion as part of a plan to expand overseas and cut shareholdings in Singapore's slower-growing economy, people familiar with the proposal said. Singapore's state-owned investment company offered to buy $1.4 billion of stock in China's third-largest bank before an initial public offering in October, said the people, who declined to be identified. Beijing-based Construction Bank last month said Temasek would invest $1 billion in the IPO itself. China Construction Bank accounts for 12 percent of total loans in China and has 14,500 branches.
  • On August 25, 2005, Temasek Holdings is reported to be in the final stages of a deal to buy a 10% stake in Bank of China. According to the UK's Financial Times, the Singapore investment company will pay US$3.1 billion for the stake. The paper however adds that no deal has yet been reached. Temasek is said to be demanding warranties against a sudden deterioration in the finances of the state lender.
  • On August 31, 2005, Temasek Holdings, the Singapore government's investment arm, will invest 3.1 billion US dollars in the Bank of China for a 10 percent stake, a BOC spokesman was quoted as saying by state media. Temasek will earmark another 500 million dollars at the initial public offering price during the BOC's planned international IPO.The deal will mark Temasek's second venture into China's banks after last month confirming it would purchase one billion dollars' worth of shares in China Construction Bank (CCB) during its public sale. Temasek will invest in BOC through the Asia Financial Holdings (AFH), a subsidiary of Temasek.

AFH will help the bank improve corporate governance and deepen banking reformsIt will become one of the BOC's strategic investors alongside Royal Bank of Scotland (RBoS) ahead of next year's overseas listing by the Chinese lender, analysts have said. RBoS announced August 18 it would lead a consortium to buy a 10 percent stake in BOC for 3.1 billion dollars alongside US investment bank Merrill Lynch and Hong Kong-based business tycoon Li Ka-Shing. Pacific Airlines is an airline based in Ho Chi Minh City, Vietnam. ... The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ... July 8 is the 189th day of the year (190th in leap years) in the Gregorian Calendar, with 176 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The NIB Bank Limited (formerly NDLC-IFIC Bank Limited) was incorporated in March 2003 as a public listed company. ... July 15 is the 196th day (197th in leap years) of the year in the Gregorian Calendar, with 169 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... July 20 is the 201st day (202nd in leap years) of the year in the Gregorian Calendar, with 164 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Mumbai (IPA: ,Marathi: मुंबई), formerly known as Bombay, is the capital of the state of Maharashtra, and the most populous city of India, with an estimated population of about 13 million (as of 2006)[1]. Mumbai is located on Salsette Island, off the west coast of Maharashtra. ... July 21 is the 202nd day (203rd in leap years) of the year in the Gregorian Calendar, with 163 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... July 22 is the 203rd day (204th in leap years) of the year in the Gregorian Calendar, with 162 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... July 29 is the 210th day (211th in leap years) of the year in the Gregorian Calendar, with 155 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... August 3 is the 215th day of the year in the Gregorian Calendar (216th in leap years), with 150 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... August 8 is the 220th day of the year in the Gregorian Calendar (221st in leap years), with 145 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Yínháng; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... The Royal Bank of Scotland Group PLC is one of Scotlands three national clearing banks and one of the oldest in the UK, founded in Edinburgh in 1727 by Royal Charter. ... August 11 is the 223rd day of the year (224th in leap years) in the Gregorian Calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Yínháng; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... August 10 is the 222nd day of the year (223rd in leap years) in the Gregorian Calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... August 11 is the 223rd day of the year (224th in leap years) in the Gregorian Calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... August 24 is the 236th day of the year in the Gregorian Calendar (237th in leap years), with 129 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... The China Construction Bank (CCB) SEHK: 0939 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Jiànshè Yínháng) is one of the big four banks in the Peoples Republic of China. ... August 25 is the 237th day of the year in the Gregorian Calendar (238th in leap years), with 128 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... August 31 is the 243rd day of the year in the Gregorian calendar (244th in leap years), with 122 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ...

  • On Wednesday August 31, 2005, Singapore Technologies Engineering Ltd. (S63.SG), a defense and engineering group part owned by the Singapore government, Tuesday said its unit ST Electronics will buy a U.S. company called iDirect Inc. in a deal worth US$165 million. iDirect, which was founded in Virginia in 1994, is a manufacturer of two-way Internet protocol-based broadband satellite networking solutions. Its customer base includes over 100 companies in the telecommunications services, oil and gas, construction and marine industries, as well as government agencies. "The acquisition of iDirect extends ST Electronics' presence in the U.S. and propels us to be a leading global satcom (satellite communications) solutions provider," said ST Electronics' President Seah Moon Ming.
  • On September 3, 2005,Temasek Holdings Pte, Singapore's state-owned investment company, bought 12.4 per cent of Habib Corp, a Malaysian jewellery maker that acquired tugboats and barges from a Singapore shipping company. The 9.2 million Habib shares were acquired by Fullerton Fund Management Company Ltd for the discretionary fund account of Temasek Fullerton Alpha Pte, owned by Temasek, according to a stock exchange filing yesterday. It didn't say how much it paid for the shares or who it bought them from. Scomi Group Bhd, a Malaysian oil and gas services company, in February agreed to buy 30 per cent of Habib, giving it access to US$342 million of tugboats and barges.
  • September 8 2005Investment company Temasek Holdings is reported to be planning the sale of its first global bond issue. Marketing of the US-dollar denominated debt issue for investors in Asia, Europe and the US is said to be planned for next Monday and Tuesday. Pricing is expected to be decided after the road show. According to Reuters, analysts expect Temasek to sell between US$500 million and US$1 billion of debt. Deutsche Bank and JPMorgan Chase are said to be lead managing the international bond offering. When contacted by Channel NewsAsia, Temasek would not comment on details, except to say that it's exploring various financing options to enhance its capital efficiency and increase its financial flexibility. Temasek has the top grade rating of AAA by Standard & Poor's and Aaa by Moody's Investors Service.
  • On September 8 2005SpiceJet will get $20 million from MacRitchie Investments, Singapore (a wholly owned subsidiary of Temasek Holdings) and Istithmar, a UAE-based private equity firm.
  • On 28 October 2005, Temasek Holdings said that it was open to increasing its stake in Malaysia's Southern Bank or selling off its current 7.6 percent shareholding, depending on opportunities. It may also just hold on to what it currently has for commercial benefits. Temasek says as long as it sees good returns from the transaction, it will support Southern Bank's move to buy Singapore's Asia General Holdings. But Temasek declined to comment on whether it would step in to buy the Singapore insurer if Southern Bank fails to get its shareholders' support for the deal. Spokesperson Eva Ho confirmed that Temasek owns a direct 4.36 percent stake of the Malaysian bank, while other units within the Temasek stable have a combined 3.22 percent. She would not reveal how much Temasek paid for the shares which were bought in the open market over a period of time. Southern Bank is currently fending off a takeover proposal by Commerce Asset Holdings which has been holding merger talks with a few major shareholders.
  • On 31 October 2005, Singapore’s Temasek Holdings, Blackstone Capital Partners and the Carlyle Group have put in their bids to acquire a strategic stake in Air Sahara. According to industry sources, about eight bidders are interested in the airline, which has kept all “all options open”, including selling equity or strategic partnership, to fund its expansion plans. Ernst & Young is advising Air Sahara on the transaction. The sources said though October 31 was the last day for submitting bids by interested parties, it was likely that the deadline would be extended since prospective bidders had sought more information about the company. Liquor baron and owner of Kingfisher Airline Vijay Mallya has also evinced keen interest in picking up a stake in Air Sahara, while Jet Airways has said it was not, though earlier reports had suggested that it was holding negotiations on the matter. While some of the interested parties had put in their bids for the $100 million private placement, others were holding talks with Air Sahara for picking a higher stake. Air Sahara had last month announced that E&Y had estimated the company’s enterprise value between $750 million and $1 billion. The airline wants to offload 10% equity, which amounts to almost $100 million.

August 31 is the 243rd day of the year in the Gregorian calendar (244th in leap years), with 122 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... September 3 is the 246th day of the year (247th in leap years) in the Gregorian calendar. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... September 8 is the 251st day of the year (252nd in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... September 8 is the 251st day of the year (252nd in leap years). ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... October 28 is the 301st day of the year (302nd in leap years) in the Gregorian Calendar, with 64 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... dear admin plz delete this page as this bank has been aquired. ... October 31 is the 304th day of the year (305th in leap years) in the Gregorian Calendar, with 61 days remaining. ... 2005 (MMV) was a common year starting on Saturday of the Gregorian calendar. ... Air Sahara is an airline based in New Delhi, India. ...

Investments in 2006

  • On January 23, 2006, Temasek Holdings acquire 49% of shares in Shin Corporation from Shinawatra and Damapong families. Aspen Holdings and Cedar Holdings were used as holding companies in the transaction.
  • On March 28, 2006, Temasek Holdings bought a 11.55% stake in the London based Standard Chartered bank worth an estimated $4bn (£2.3bn) from the estate of billionaire Khoo Teck Puat [2]
  • After the Global Offering (IPO) of the Bank of China (BOC) which listed on the Hong Kong Stock Exchange on June 1, 2006 (SEHK:3988), Temasek's ownership of the BOC through its subsidiary, Asia Financial Holdings Pte. Ltd., has been diluted to 4.765% (or 11,785,825,118 shares), after the over-allotment option was exercised in full.

January 23 is the 23rd day of the year in the Gregorian calendar. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... Shin Corporation (SET: SHIN; NASDAQ: SHNZY; NASDAQ: SHNVF; NASDAQ: SHNUF) is the largest conglomerate in Thailand. ... Prime Minister Thaksin Shinawatra Thaksin Shinawatra (Thai: ทักษิณ ชินวัตร, IPA: [ (help·info); Chinese: 丘达新; pinyin: Qiū Dáxīn; born July 26, 1949), Thai politician, is the current prime minister of Thailand and the leader of the populist Thai Rak Thai party. ... March 28 is the 87th day of the year in the Gregorian Calendar (88th in leap years). ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ... London (pronounced ) is the capital city of England and the United Kingdom. ... Standard Chartered Bank is a British bank headquartered in London with operations in many countries , especially in Asia and Africa. ... Tan Sri Khoo Teck Puat (born 1917; died February, 2004) was Singapores richest man. ... Bank of China Limited (BOC) SEHK: 3988 (Simplified Chinese: , Traditional Chinese: ; pinyin: Zhōngguó Yínháng; often abbreviated as 中行) is one of the big four state-owned commercial banks of the Peoples Republic of China. ... June 1 is the 152nd day of the year in the Gregorian calendar (153rd in leap years), with 213 days remaining. ... 2006 (MMVI) is a common year starting on Sunday of the Gregorian calendar. ...

Controversy

Temasek is an arm of the Singapore government and owned 100% by the Ministry of Finance, and these close links to the government have on several occasions caused protests in foreign countries. Image File history File links Information_icon. ... Shortcut: WP:CU Marking articles for cleanup This page is undergoing a transition to an easier-to-maintain format. ... This Manual of Style has the simple purpose of making things easy to read by following a consistent format — it is a style guide. ...


When ST Telmedia, a TLC, took a significant stake in Indonesian Indosat, workers went on strike to protest working for Singapore. In 2003, when ST Telemedia acquired a two-third share of Global Crossing, the acquisition had to be approved by the U.S. government for fear that the local government would gain control of the extensive network. Moreover, it is said that the holdings has been trying to take control many major businesses in other countries for the sake of Singapore's economy. PT Indosat Tbk is an Indonesian telecommunications company was established in 1967 as a foreign investment company to provide international telecommunications services in Indonesia, commencing its operations in 1969 with the inauguration of the Jatiluhur earth station. ... Global Crossing Ltd. ... ...

Main article: Thaksin Shinawatra $1.88 billion deal controversy

Temasek's 2006 acquisition of Shin Corporation, owned by the family of then Thai prime minister Thaksin Shinawatra, was particularly controversial, with protestors burning effigies of Lee and Ho in the streets of Bangkok[1]. The deal was a factor in exacerbating the Thai political crisis, which eventually led to the downfall of Thaksin and a review of the transaction's legality. Thaksin Shinawatra $1. ... Shin Corporation (SET: SHIN; NASDAQ: SHNZY; NASDAQ: SHNVF; NASDAQ: SHNUF) is the largest conglomerate in Thailand. ... Wikinews has news related to: Thai PM Shinawatra ousted by coup   (Thai: , IPA: ; born July 26, 1949 in Chiang Mai, Thailand with family roots in Meizhou, Guangdong, China), Thai businessman and politician, is the deposed Prime Minister of Thailand and the former leader of the populist Thai Rak Thai party. ... The Thailand political crisis 2005-2006 was a series of events which led to the downfall of the Thai government of Thaksin Shinawatra in April 2006. ...


External links

  • Temasek Holdings
  • Singapore: Government-linked corporations face the future. Embassy of the United States, Singapore. March 2001.
  • GLCWatch Website providing information on Government Linked Corporations

  Results from FactBites:
 
domain-B : Indian business : companies : Temasek, Singapore Investment apply for nearly 40-per cent stake in ICICI Bank (227 words)
Temasek Holdings, the investment of the Singaporean government under the full ownership of finance ministry and global real investor, Government of Singapore Investment Corp (GIC), have applied to raise their combined stake in ICICI Bank to almost 40 per cent, in the $4.9 billion follow-on public issue of the Indian bank.
Temasek, which owns 7.37 in the bank, is reported to have put in a bid for shares worth about $2 billion (approximately Rs8,150 crore).
The two state investors reported to have lobbied the Indian government to lift the investment ceiling of 10-per cent combined stake holding in Indian banks and according to media reports earlier this week, the Reserve Bank of India is expected to treat Temasek and the GIC as separate entities for their investments in Indian banks.
  More results at FactBites »

 
 

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