AFP, 19 Dec 2008
SINGAPORE (AFP) — Singapore sovereign wealth fund Temasek Holdings will retain its 18.8 percent stake in Standard Chartered after subscribing to a rights issue, the bank said in a statement Friday.
The British-based bank said Temasek now holds 356.6 million ordinary shares, compared with 268.2 million shares, equivalent to the same percentage it owned before the rights issue.
Temasek, the bank's largest shareholder, said only that it has "subscribed to its pro-rata portion of Standard Chartered's rights issue."
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