13.02.2015 - Temasek unit gives local firm a shot in the arm
A unit of Temasek Holdings has invested an undisclosed amount in local construction firm Deluge Fire Protection to allow it to expand further overseas. The capital injection by Heliconia, which focuses on helping local small and medium-sized enterprises, will underpin the firm's expansion into Indonesia and the Philippines amid rapid urbanisation across the region. The company has already moved abroad with offices in Malaysia, Myanmar, Thailand and Vietnam, along with a pre-fabrication factory in Johor. Deluge managing director Vincent Cheo said the investment could help the firm double its overseas revenue in the next three to five years..............................................Full Article: Source
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