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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singapore invests P2bln in PH gaming

Posted on 05 June 2013

Singapore’s state investment fund, Temasek Holdings (Private) Ltd., has acquired 5 percent of listed gaming firm Melco Crown (Philippines) Resorts Corp. A block of 222 million shares estimated to be worth P2 billion at yesterday’s closing price of P9.11 per share, was bought last May 28 by Temasek’s subsidiary Fullerton Fund Management Co., currently the fund manager of Melco Crown.
“Various funds and client accounts managed by Fullerton Fund Management Co. Ltd. hold shares in Melco Crown. Fullerton Fund Management Co. has voting power and/or investment power over those shares, in its capacity as fund manager,” Melco Crown said in its disclosure………………………………………..Full Article: Source


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