Temasek Holdings
New China Life seeks to raise $1.6b in Hong Kong
New China Life, the Chinese insurer that counts Temasek Holdings and Standard Chartered Private Equity among its investors, is expected to seek as much as $1.6 billion in the Hong Kong portion of its IPO.
Temasek confirms increase in CCB holding
Temasek Holdings announced Monday that it has increased its holding in China Construction Bank (CCB) to 9.42% from 8.10%. The transaction, disclosed in a filing with the Hong Kong Stock Exchange, took place on November 11, around the time that Bank of...
BofA sold CCB shares to Temasek, Chinese institutions
A group comprising of Singapore’s second-largest sovereign wealth fund Temasek and several Chinese institutions have materialized as the buyers of the 10.4 billion shares in China Construction Bank (CCB) sold by Bank of America (BofA) for nearly $6.6...
Investor consortium pays $1.6b for 5% of Alibaba
Silver Lake, Yunfeng Capital and other investors have purchased a 5% stake in Chinese e-commerce firm Alibaba Group, worth $1.6 billion. The transaction is thought to be the tender offer made to employee shareholders and option holders, as well as certain...
Asia's sovereigns: Partners or competitors?
Asian sovereign wealth funds are increasing their exposure to private equity firms globally. They have one eye on returns and another on beating GPs at their own game
Yahoo tipped to sell Asian assets, pay shareholder dividend
Yahoo is likely to close the door to potential private equity suitors by divesting its Asian assets and redistributing the proceeds to shareholders. The redistribution might take the form of a special divided or share buyback.
Yahoo founder refuses to rule out sale to Alibaba, private equity
Yahoo co-founder Jerry Yang has refused to rule out the possible sale of the company to Alibaba Group’s Jack Ma or to a private equity interests. “There are plenty of options,” he told a conference in Hong Kong Wednesday.
CIC's Central Huijin boosts China bank stakes
Central Huijin Investment, the unit of China Investment Corp. (CIC) responsible for holdings in the country’s major state-owned banks, has been buying shares in these lenders to boost valuations. It took similar action in September 2008 as credit markets...
Alibaba, Temasek in talks over Yahoo deal – report
Alibaba Group has held discussions with Temasek Holdings about supporting the purchase of Yahoo’s 40% stake in the Chinese company.
Citic Securities disappoints on Hong Kong trading debut
Citic Securities, which raised $1.7 billion through an IPO backed by investors including Temasek Holdings and Kuwait Investment Authority (KIA), performed poorly on its Hong Kong market debut Thursday, dropping 10.5% before closing unchanged.
Alibaba's Jack Ma wants to buy Yahoo
Jack Ma, the founder and CEO of Chinese technology company Alibaba Group, is interested in buying Yahoo and has held discussions with other potential buyers about options.
HDFC PE unit commits $90m to Bangalore IT park
The overseas private equity unit of Housing Development Finance Corp. (HDFC) has agreed to invest $90 million in a 200-acre information technology park being planned near Bangalore airport.
Temasek, General Atlantic execs depart to launch independent fund
Head of Temasek India Manish Kejriwal and General Atlantic Managing Director Sunish Sharma have reportedly resigned their positions to spin off their own independent fund.
PE firms offer Alibaba staff a liquidity event
The timing of Silver Lake's investment in Alibaba Group, alongside parties including DST Global, Yunfeng Capital, Temasek Holdings, was curious. Days earlier Silver Lake reportedly contacted Yahoo as one of several private equity firms considering a bid...
Private equity firms invest in China's Alibaba Group
Silver Lake and DST Global will invest in leading Chinese technology firm Alibaba Group as part in order to provide liquidity to Alibaba employees. Chinese private equity firm Yunfeng Capital, which was founded by Alibaba founder Jack Ma, and Singapore...
Investors in the dark on Indonesian bank ownership
Foreign investors in Indonesian banks might soon face a conundrum: After years spent working to establish a local presence in the market, they may be forced to sell down.
Temasek, QIA back Citic Securities' $1.9b IPO
Temasek Holdings and the Kuwait Investment Authority (KIA) are among seven cornerstone investors that have together committed $850 million to Citic Securities’ Hong Kong IPO. The company, China’s largest brokerage by market value, is seeking to raise...
RRJ invests in Chinese diaper manufacturer – report
RRJ Capital, the private equity firm set up former Goldman Sachs and Hopu Investment luminary Richard Ong, has teamed up with CK Life Sciences to invest $80 million in Chinese baby diaper manufacturer AAB, Reuters reported, citing a source with direct...
RRJ, Temasek-backed Frac Tech files for $1.15b IPO
RRJ Capital and Temasek Holdings-backed US oil exploration and production company Frac Tech International is looking to raise $1.15 billion on the New York Stock Exchange.
GIC hires J.P. Morgan's Khullar as a fund manager
Government of Singapore Investment Corp. (GIC) has hired Arjun Khullar from J.P. Morgan as a fund manager. Khullar has spent 16 years at the US investment bank, most recently as head of international listings in London. Prior to that, he was co-head of...
Asia Pacific SWFs, public pension funds hold 25% of global AUM
Asia Pacific sovereign wealth funds and public sector pension funds now account for $3.2 trillion in assets under management, 25% of the global total.
Temasek hires BofAML executive Tan Chong Lee
Temasek Holdings has poached Tan Chong Lee from Bank of America-Merrill Lynch (BofAML). The sovereign wealth fund confirmed the appointment but didn’t provide details of the role. Sources told Reuters that Tan, who was BofAML’s Southeast Asia head of...
BofA sold CCB stake to Chinese consortium
China’s State Administration of Foreign Exchange, the National Social Security Fund and CITIC Securities have emerged as the buyers of the 5% stake in China Construction Bank (CCB) sold by Bank of America (BofA) for $8.3 billion, the Financial Times reported,...
Temasek's Charles Ong joins brother Richard at RRJ Capital
Charles Ong, senior managing director of Temasek Holdings, has been “seconded” to newly formed RRJ Capital, run by his brother Richard, who co-founded Hopu Investment Management.