Temasek Holdings (Temasek)

The investment has already paid dividends for Temasek, with BlackRock rising 8.4% since June 30, closing Thursday at US$589.56 in New York.

Temasek Holdings Pte. Chief Executive Officer Ho Ching suggested Singapore’s state-owned investor could still have a portfolio value of more than $300 billion, or not very far from that, despite the impact of Covid-19 on the global economy.

Pavilion Capital, a unit of Temasek Holdings Pte, became one of the anchor investors in the Indies Special Opportunities III fund, according to an emailed statement.

Google and Temasek Holdings Pte are in negotiations to join a funding round of between US$500 million ($696.9 million) and US$1 billion for Indonesian e-commerce giant PT Tokopedia, according to people familiar with the matter.

Temasek Holdings typically reports its annual results in July but because of the Covid-19 outbreak which has disrupted business operations all over the world, many of its portfolio companies have postponed the reporting of their results.

Temasek Holdings Pte is prepared to drop a $4 billion bid for control of Keppel Corp. should the Singaporean conglomerate’s next earnings report trigger a clause that allows it to walk away.

A unit of Temasek Holdings Pte. is in talks for a potential investment of at least US$400 million (S$567.2 million) in Singapore shipping tycoon Chang Yun Chung’s Pacific International Lines Pte., according to people familiar with the matter.

BlackRock Inc. attracted some of the world’s largest institutional investors and sovereign funds when a major stake was sold this month, illustrating chief Larry Fink’s connections with deep sources of capital in the U.S., Middle East and Asia.

(Nov 27): U Mobile, a Malaysian mobile service provider, is planning to raise about $500 million ($683 million) in an initial public offering in Kuala Lumpur, according to people familiar with the matter.

SINGAPORE (Nov 11): The Monetary Authority of Singapore (MAS), global investment bank JP Morgan and local sovereign fund Temasek have jointly developed a blockchain-based prototype that enables payments to be carried out in multiple currencies on the same