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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singapore’s Temasek pushes for board changes at StanChart

Posted on 04 October 2012

Singapore state investor Temasek Holdings is putting pressure on Standard Chartered Plc to appoint more independent directors, the Wall Street Journal reported, citing people familiar with the matter.
Temasek, which is StanChart’s biggest shareholder, however, has no immediate plans to sell its stake in the Asia-focused bank, the financial daily said. Shares of Standard Chartered fell more than 3 percent on September 25 on renewed speculation that Temasek may sell its 18 percent stake in the Asia-focused bank………………………………………..Full Article: Source


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