22.01.2015 - Temasek building icons to pay it forward
Big-Ticket deals have been the calling card of Temasek Holdings but a shift in strategy could be under way and you only have to go to the zoo to see it. The zoo might not be the most obvious place one can think of to observe the operations of one of the corporate world's biggest beasts. But, in fact, the investment firm's latest undertaking illustrates how its game plan is evolving. The high-profile deal involves Temasek partnering the Singapore Tourism Board (STB) to develop the Mandai area, which includes the Singapore Zoo, Night Safari, River Safari and Jurong Bird Park. It makes perfect sense on one level: Temasek holds a majority stake in Wildlife Reserves, the entity that owns the attractions, so that alone should give it first dibs on any future development...............................................Full Article: Source
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