| JTC Corporation, the Singapore government agency responsible for the development of industrial infrastructure, and Singapore investment company Temasek have entered into an agreement to merge four of their operating subsidiaries into an integrated platform for sustainable urban development.
Subject to relevant regulatory approvals, the merger between Ascendas Pte Ltd, Singbridge Group Pte Ltd, Jurong International Holdings Pte Ltd (JIH), and Surbana International Consultants Holdings Pte Ltd is expected to be completed by the first half of 2015. JTC and Temasek began exclusive talks to explore the merger in September 2014. The merged group will be jointly owned by JTC and Temasek through a 49:51 partnership...............................................Full Article: Source
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