Bloomberg.com, 25 Nov 2008, Glenys Sim
Nov. 25 (Bloomberg) -- Temasek Holdings Pte scrapped the sale of Power Seraya Ltd., the last of three Singapore utilities to be auctioned this year, after the global credit crisis drove down asset prices and froze funding for potential buyers.
Temasek has decided not to proceed with the tender process ``in light of the market conditions,'' the Singapore government- owned investment company said in an e-mailed statement today.
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