The boom in blank-cheque companies may look like a bust in New York, but the pre-packaged investment arrangements look set for a second act in Southeast Asia as two Temasek Holdings-backed firms prepare to launch Singapore-listed SPACs, including one with… Read More>>
Temasek-Backed Group Makes ‘Superior’ $2.89B Offer Topping Keppel in SPH Battle
The bidding war for Singapore Press Holdings’ real estate business escalated again on Monday, as Temasek-backed Cuscaden Peak announced a S$3.9 billion ($2.89 billion) offer that the Straits Times publisher judged “superior” to rival suitor Keppel Corporation’s terms.
The latest… Read More>>
Temasek-Led Group’s $2.5B Bid Tops Keppel Offer for SPH Real Estate Business
Keppel Corporation’s plan to acquire Singapore Press Holdings’ real estate business is being challenged by a rival bid from an unlikely source: a consortium backed by state holding firm Temasek and hotel tycoon Ong Beng Seng.
Cuscaden Peak, a company… Read More>>
HK Investor Buys Melbourne Mall From M&G and More Asia Real Estate Headlines
In today’s roundup of regional news headlines, a Hong Kong outfit buys an Australian shopping mall from M&G, a Sichuan-based developer becomes China’s latest debt debacle, and Singapore state holding firm Temasek reports a nearly 25 percent return in the… Read More>>
Temasek-Backed ST Telemedia Leads JV to Build 72MW Data Centre Campus Near Jakarta
A unit of Singaporean tech firm ST Telemedia is joining forces with its owner, state holding company Temasek, and Indonesian conglomerate Triputra Group to develop a data centre operating platform in Jakarta.
The joint venture plans to build its first… Read More>>
Mapletree Aims for First Hong Kong Data Centre After Buying $104M Site
Singapore-based Mapletree Investments on Friday announced that a Hong Kong industrial site which it acquired last month is set to become the latest addition to its growing portfolio of data centres.
“We are excited about winning this development land parcel,”… Read More>>
Temasek Appoints Dilhan Pillay as CEO, Succeeding PM’s Wife
Temasek Holdings on Tuesday announced that Dilhan Pillay will succeed Ho Ching as chief executive of the Singaporean state-backed firm, while also taking over her seat as an executive director on the board.
Pillay, who is keeping his title as… Read More>>
Evergrande Gets HKEX Nod for Management Spin Off and More Asia Real Estate Headlines
China Evergrande doesn’t seem to have received the bailout from the Guangdong government that it had been looking for, but the mainland developer got a helping hand from the Hong Kong stock exchange last week when it won permission… Read More>>
Mapletree Trust Adds to US Data Centre Portfolio with $204M-Plus Virginia Buy
Singapore’s Mapletree Industrial Trust is adding to its collection of US data centres through an agreement to purchase a facility in Virginia for at least $204 million, the trust’s manager announced on Monday.
The unspecified server farm, which is believed… Read More>>
Temasek Defends Changi Airport Boss After Maid Acquitted, Netizens Rage Over Abuse
Temasek Holdings rushed to defend former CapitaLand boss Liew Mun Leong this week after Singapore’s high court acquitted a former servant to the corporate chieftain on charges of theft filed by Liew and his family.
Liew, who serves as chairman… Read More>>
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