23.10.2014 - TIH acquires $129 million of assets from Temasek
Singapore-listed private equity fund TIH has completed a $129 million acquisition of assets from Temasek Holdings. The move is part of TIH's new strategy to move beyond private equity and venture capital investments, TIH chairman Kin Chan said in a statement. The assets include a minority interest in CEI Contract Manufacturing and the assignment of beneficial ownership in a minority interest of Mitsui Life Insurance Company. Mr Allen Wang, chief executive of TIH Investment Management, which manages TIH, said: "Our expertise lies in corporate finance and cross-border mergers and acquisitions... and we will work with them to see how they can grow their businesses."..............................................Full Article: Source
Print