Singapore’s Temasek Holdings CEO Ho Ching will retire from the state investment firm on October 1, 2021. She assumed the role of Chief Executive Officer of Temasek on January 1, 2004. She will be succeeded by Dilhan Pillay Sandrasegara, CEO of Temasek International. Dilhan Pillay has held this position since 2019. In 2011, Ho Ching […]
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Temasek Invests in Gene Editing Food Company Pairwise
Posted on 02/04/2021
Gene editing food companies are gaining the attention of institutional investors. Durham, North Carolina-based Pairwise raised US$ 90 million in a Series B funding round. Funding for the round was led by Pontifax Global Food and Agriculture Technology Fund (Pontifax AgTech), and existing investor Deerfield Management Company. Singapore’s Temasek Holdings also invested in the Series B round as a new investor. Existing investor Leaps by Bayer also participated in the round as well.
Pairwise uses CRISPR technology to create new fruits and vegetables. Wilson Sonsini Goodrich & Rosati advised Temasek Holdings in the transaction.
Plant-based meat provider Impossible Foods has announced a 20% cut to its suggested grocery prices in the United States, with similar suggested price cuts encouraged to retail stores in Hong Kong, Canada and Singapore.
Temasek and Singapore Press Holdings Agree to Merge Event Units
Posted on 02/03/2021
Singapore’s Temasek Holdings and Singapore Press Holdings Ltd. (SPH) have entered into an agreement to merge their meetings, incentives, conventions, and exhibitions (MICE) subsidiaries. Singapore Press Holdings is a listed company.
SingEx Holdings Pte Ltd is a unit of Temasek. Sphere Exhibits is a unit of Singapore Press Holdings. SingEx Holdings will merge into Sphere Exhibits to form SingEx-Sphere Holdings.
According to the details of the merger, Temasek will own 60% of SingEx-Sphere while SPH will own 40%. The agreed transaction value of 40% of SingEx-Sphere is $24.4 million.
Singapore Press Holdings publishes The Straits Times.