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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Temasek Holdings to support StanChart’s share rights issue

Posted on 14 October 2010

From Channelnewsasia.com: Temasek Holdings has said that it will support the share rights issue of British bank Standard Chartered (StanChart). A spokesman of the sovereign wealth fund had told MediaCorp that Temasek, StanChart’s biggest shareholder with a roughly 18 per cent stake, intends to take up its share of the Rights offered.
StanChart announced that it would raise 3.3 billion pounds or some 5.3 billion US dollars through a rights issue………………………………………Full Article: Source

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