| Singaporean investment firm Temasek Holdings and Malaysian sovereign wealth fund Khazanah Nasional yesterday announced they would jointly develop prime land parcels in both countries in projects worth about S$12.2 billion.
The move comes as the two countries sealed the Points of Agreement on Malayan railway land in Singapore. The two investment giants have established two subsidiaries - M+S and Pulau Indah Ventures - for the purpose. M+S, in which Temasek has a 40-per-cent stake and Khazanah the other 60 per cent, will develop sites in Marina South and the Ophir-Rochor area in Singapore...............................................Full Article: Source
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