Temasek Holdings

GenZero leads US$32 mil Series C fund raise in UK-based carbon ratings agency BeZero Carbon - THE EDGE SINGAPORE

Startups, Entrepreneurs, Digital economy

GenZero leads US$32 mil Series C fund raise in UK-based carbon ratings agency BeZero Carbon

This brings the startup’s total funding to about US$100 mil. The startup says that its platform has more than 100 corporate subscribers including UBS and Sumitomo among others.

M&A

JSW to buy Temasek-backed clean energy projects for US$1.5 bil

India’s JSW Energy has agreed to buy clean energy projects from O2 Power Pooling for about US$1.5 billion in an all-cash deal.
Temasek appoints 2 new board of directors - THE EDGE SINGAPORE

New appointments

Temasek appoints two new board directors

Both are senior business leaders with extensive industry experience and track record from the private sector.

Singapore news

Singapore’s Temasek sets up $10 bil private credit platform

It will be managed by a team of around 15 credit investment professionals across offices in New York, London, and Singapore transferred from Temasek’s Credit & Hybrid Solutions team.

Deals, joint ventures & alliances

Temasek unit to sell shares in Malaysian phone company U Mobile to tycoon Vincent Tan and Malaysian king’s daughter

Straits Mobile Investments, a unit of a firm owned by Temasek, will reduce its shareholding in U Mobile to 20% in the deal agreed Dec 4, according to a statement to the Singapore Exchange.

Banking & finance

DBS eyeing retail expansion into Malaysia via acquisitions: Reuters

DBS had tried to buy a stake in Alliance Bank back in 2012 from controlling shareholder Temasek Holdings
Temasek’s Fullerton disposes of 1,210,800 shares in ST Engineering for $5.6 mil - THE EDGE SINGAPORE

Insider moves

Temasek’s Fullerton disposes of 1,210,800 shares in ST Engineering for $5.6 mil

Following the disposal, Fullerton’s stake in ST Engineering now stands at 0.171%.

M&A

Temasek in talks for US$1 billion-plus stake in India’s biggest snack maker

Temasek is seeking to buy 10%-15% in the snacks firm. This stake sale could serve as a launchpad for the company's IPO.
S’pore must ‘find its own path forward’ in new environment: PM Wong - THE EDGE SINGAPORE

Singapore news

S’pore must ‘find its own path forward’ in new environment: PM Wong

Temasek and its portfolio companies have done well over the past 50 years, but they cannot rest on their laurels, says PM Wong.
Temasek’s Fullerton disposes of 121,900 units in MINT for $0.3 mil - THE EDGE SINGAPORE

Corporate moves

Temasek’s Fullerton disposes of 121,900 units in MINT for $0.3 mil

Following the disposal, Fullerton’ stake in MINT now stands at 0.452%.
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