| Singapore state-investment firm Temasek Holdings Pte. Ltd. is seeking to raise up to US$1.34 billion through the sale of shares in Singapore Telecommunications Ltd., part of a broader effort by the sovereign wealth fund to shift its investments toward emerging markets.
Temasek, the world's ninth-largest state investment firm, according to the Sovereign Wealth Fund Institute, has been expanding its footprint in China and shelling out for energy and resources assets, and away from Singapore and mature-market financial services. It also wants to book gains from its previous investments...............................................Full Article: Source
|