05 Mar '12, 4pm

Temasek Holdings To Sell 3% Stake In Sembcorp Marine!

Temasek Holdings To Sell 3% Stake In Sembcorp Marine!

On 05/Mar, Singapore shares ended lower after China issued a lower economic growth forecast for this year STI ended lower at 2991.80 (0.06%) with LOW VOL of 1.41 billion shares traded compared with 1.31 billion shares Friday. In the broader market, losers outnumbered gainers 275 to 142. Today STI undergo heavy profit taking as investors prefer to sidelined ahead for the US Feb job report. Headline in STI Before market close Singapore Telecommunications Ltd. (SGAPY, Z74.SG) plan to acquire U.S.-based Amobee Inc., a provider of mobile advertising solutions, for about US$321 million–the company’s first major acquisition since 2007. Ezra Holdings Ltd. (5DN.SG) subsea construction division, EMAS AMC, has won a contract from Statoil (STL.OS) worth about US$55 million. After market close Temasek Holdings Pte. Ltd. plans to sell a 3% stake in rig builder Sembcorp Marine Ltd. (S51....

Full article: http://thefinance.sg/2012/03/05/temasek-holdings-to-sell-...

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