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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek acquires US-listed stocks in two Chinese firms

Posted on 15 August 2014

Singapore investment company Temasek Holdings has bought US-listed stocks in Chinese consumer and technology firm JD.com Inc and security software maker Cheetah Mobile in the second quarter, according to a Bloomberg report.
Citing a filing with the US Securities and Exchange Commission, Temasek - directly or via its units - acquired 602,139 American Depositary Receipts (ADRs) of e-commerce site JD.com with a market value of US$17.2 million, Bloomberg said. It also purchased a net 603,764 ADRs in Cheetah Mobile, worth US$12.8 million………………………………………..Full Article: Source


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