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Sovereign Wealth Funds Briefing - Categorized | Trends

Multipolar, Temasek set to bond for expansion

Posted on 26 April 2013

Diversified holding company PT Multipolar (MLPL), the owner of Hypermart and Matahari Department Stores, looks set to forge further partnerships with Singaporean investment firm Temasek Holding Ltd. to expand its business.
According to Multipolar director Reynold Pena Ong, the two sides have the possibility to conduct projects in other sectors, including property. “Temasek is interested in venturing into other fields, but everything is still at a preliminary stage. We are looking at many sectors, one of which is property,” he said in Jakarta on Wednesday………………………………………..Full Article: Source


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