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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek, JTC to merge 4 units into mega-entity

Posted on 05 September 2014

As urbanisation picks up pace across China, India and South-east Asia, investment giant Temasek Holdings and industrial developer JTC Corp are planning a merger of four of their operating subsidiaries into a single mega-entity, in an unprecedented move that will tap the opportunities resulting from this rapid development.
The two government-owned companies said advisers and consultants have been engaged to provide a fair market valuation of the four units: Temasek’s urbanisation consulting company Surbana International Consultants Holdings, and its Singbridge Group, which specialises in urban solutions, particularly in China, as well as JTC’s business space solutions provider Ascendas and its Jurong International Holdings (JIH), which offers expertise for the built environment………………………………………..Full Article: Source


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