SINGAPORE: Temasek, which owns stakes in Barclays, Standard Chartered, and Chinese banks, said full-year profit fell 29%, hit by Thai telecoms firm Shin Corp and lower divestment gains.
Temasek, one of a growing stable of huge state investment funds with deep pockets and global ambitions, said yesterday that net profit fell to S$9.1bil in the year ending March 31, from S$12.8bil a year earlier.
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