SINGAPORE, Oct 27 - Singapore state investor Temasek Holdings has set up a new investment vehicle initially targeting local firms valued at $1 billion to $5 billion, as Singapore seeks to ramp up investments in fast-growing companies.
"The platform will also have flexibility to deploy funds into opportunities that may sit outside the core focus areas of Temasek, such as take-private situations or family business restructurings," said Lee Theng Kiat, chairman of Temasek International, the wholly-owned management and investment arm of Temasek Holdings.
It will invest across industries such as logistics, technology, healthcare, consumer, industrial and business services.
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