| Temasek-linked companies seem to have access to unlimited tax dollars. In June last year, TLC Surbana Jurong (SJ) acquired KTP Consultants and Sinosun Architects & Engineers. Surbana Jurong intends to continue acquiring companies to morph into a global player and money will not be an issue. CEO Wong Heang Fine confirmed this when he said “..there’s no limit to the amount that we are willing to spend as long as it fits our growth strategies.”
It is strange for Temasek-linked companies to be acquiring companies as if there’s no tomorrow because ample warnings – inflated asset prices and weaker returns – have been sounded. Even by its sister company, GIC.............................................Full Article: Source
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