SINGAPORE: Singapore state investment company Temasek Holdings Pte has been selling stakes in companies from its portfolio recently, raising a total of US$779 million in the past two weeks.
Other firms in Asia have also sought to take advantage of a market rebound to sell stock after the coronavirus pandemic sent many of the world’s equity indexes into bear markets. For Temasek, the sales come at a good time. The Singapore investment behemoth is expected to act as a lifeline for many companies in its portfolio.
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