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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek diversifies from China Banks with Watson: Update

Posted on 27 March 2014

Temasek Holdings Pte’s plan to buy a stake in the retail arm of billionaire Li Ka-shing’s Hutchison Whampoa will help the investment firm extend its reach in China and ease its reliance on the nation’s banks.
Singapore’s state-owned investment company agreed on March 21 to buy 25% of A.S. Watson & Co. for HK$44 billion ($7.2 billion), marking its biggest acquisition based on data compiled by Bloomberg. The health and beauty chain has stores in more than 20 Chinese cities including Shanghai and Beijing, according to its website…………………………………Full Article: Source


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