Bloomberg.com, 29 Jul 2009, Shamim Adam
July 29 (Bloomberg) -- Temasek Holdings Pte vowed to hang on to the “family jewels” as a long-term investor and said it may allow the public to invest in Singapore’s state-run fund.
The value of the company’s assets dropped by more than S$40 billion ($27.8 billion) in the 12 months ended March, Chief Executive Officer Ho Ching said in a speech in Singapore today. The investment firm will act to enhance value over as long as 30 years and will not sell stakes “for divestment’s sake,” Ho said.
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Related:
Temasek may let public invest, retain 'family jewels' - Business Standard
Singapore fund won't sell jewels - The Sydney Morning Herald
