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Sovereign Wealth Funds Briefing - Categorized | Financials, Performance

Temasek could make a tidy profit

Posted on 28 September 2012

Temasek Holdings would likely rake in more than S$2 billion in profit if it sold its 18 per cent stake in Britain’s Standard Chartered Bank at current prices, a tidy return on an investment which had come in for some criticism.
The government-owned company, which has assets of around S$200 billion, initially got into StanChart in 2006 by taking over the entire stake, amounting to just under 12 per cent, owned by the late hotel and banking billionaire Khoo Teck Puat for some S$6.5 billion………………………………………..Full Article: Source


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