SG Live Bet
SG Tipster
Results 1 to 8 of 8

Thread: Temasek backs equity fund owned by Chinese Premier's son

  1. #1
    Join Date
    Mar 2009
    Posts
    1,487
    My Reputation Points: 422 / Power: 6

    Default Temasek backs equity fund owned by Chinese Premier's son

    http://www.reuters.com/article/idUSTRE60O0EF20100125

    Exclusive: Chinese Premier's son eyes $1 billion fund

    HONG KONG (Reuters) - New Horizon Capital, whose co-founders include Wen Yunsong, son of Chinese Premier Wen Jiabao, aims to raise a $1 billion private equity fund for investment in domestic industry leaders ready to make initial public share offerings.

    This would be the third and largest private equity fund for New Horizon Capital, which had about $500 million under management since it was established in 2007, according to sources with direct knowledge of the matter.

    New Horizon Capital recently completed raising between $600 million and $700 million by the so-called "first-closing" period, with capital commitments from Asian investors including Japan's Softbank Corp and Singapore's state investor Temasek Holdings, said the sources.

    The sources declined to be identified because of the sensitive nature of Wen's family background. A representative for New Horizon Capital could not be immediately reached for comment.

  2. #2
    Join Date
    Mar 2009
    Posts
    1,487
    My Reputation Points: 422 / Power: 6

    Default Re: Temasek backs equity fund owned by Chinese Premier's son

    http://www.financierworldwide.com/article.php?id=5950

    $1bn Fundraising For China’s New Horizon
    Claire Spencer, January 2010

    New Horizon Capital is aiming to raise a $1bn private equity fund to invest into leading companies that are preparing to make initial public offerings (IPOs), according to a Reuters report, which cites sources with direct knowledge of the matter. This would be the firm’s third and largest fund – in 2007, it had around $500m in assets under management.

    The sources revealed that New Horizon Capital recently finished raising between $600m and $700m for its latest fund, with commitments from investors including Softbank Corp of Japan, and the Singaporean sovereign wealth fund Temasek.

    The firm was pitching the fund in 2008 but, like many other private equity firms, found it difficult as a result of the financial crisis and, as such, suspended the fund until early 2009, explained the sources.

    “That was a very tough time, but now people are willing to pour money into the fund again since China is still the focus worldwide,” they added, speaking to Reuters.

    The sources declined to be identified due to the involvement of Wen Yunsong, the son of the Chinese Premier Wen Jiabao, in the firm

  3. #3
    Join Date
    Aug 2008
    Location
    Sink City
    Posts
    22,092
    My Reputation Points: 2983 / Power: 13

    Default Re: Temasek backs equity fund owned by Chinese Premier's son

    see more of the CPF money grow wings and fly away not so long ago, which sinkies forgotten.

  4. #4
    Join Date
    Jul 2008
    Posts
    29,429
    My Reputation Points: 1347 / Power: 11

    Default Re: Temasek backs equity fund owned by Chinese Premier's son

    Just remember to do your part in the cumming GE to bring the CORRUPT PAPee TRAITORS to JUSTICE.

  5. #5
    Join Date
    Mar 2009
    Posts
    13,164
    My Reputation Points: 664 / Power: 0

    Default Re: Temasek backs equity fund owned by Chinese Premier's son

    Quote Originally Posted by singveld View Post
    see more of the CPF money grow wings and fly away not so long ago, which sinkies forgotten.
    More ERP increases on the way !

  6. #6
    Join Date
    Aug 2008
    Location
    Sink City
    Posts
    22,092
    My Reputation Points: 2983 / Power: 13

    Default Re: Temasek backs equity fund owned by Chinese Premier's son

    Quote Originally Posted by Watchman View Post
    More ERP increases on the way !
    ERP cannot cover the loss by ho ching.

    what are you talking about?

    More like singapore dollar devaluation, which means no holiday to tokyo for shopping, but holiday at sentosa.

  7. #7
    Join Date
    Sep 2008
    Posts
    2,145
    My Reputation Points: 127 / Power: 6

    Default Re: Temasek backs equity fund owned by Chinese Premier's son

    Well done, really.

    This is a good investment.

    Pinkertons, remember it was the WESTERN BANKS that caused the financial crisis

    Temasek comatosed on its Bank of America and Merrill Lynch investments, it also invested other sums in Barclays, etc

    On the contrary, it made billions from Bank of China stake

    So don't be PINKERTON

  8. #8
    Join Date
    Aug 2008
    Posts
    1,295
    My Reputation Points: 154 / Power: 6

    Default Re: Temasek backs equity fund owned by Chinese Premier's son

    Quote Originally Posted by singveld View Post
    see more of the CPF money grow wings and fly away not so long ago, which sinkies forgotten.
    Not forgetting the loss the old fart made in shu zhou.
    Cheers.
    Kid278.

    http://avatars.jurko.net]<a href=http://img1.jurko.net/avatar_2068.gif target=_blank>http://img1.jurko.net/avatar_2068.gif</a>

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. This Malay feels no love from S'pore
    By peasantJUDGE in forum The Courtyard Café
    Replies: 148
    Last Post: 07-04-2012, 06:45 PM
  2. Temasek Found A Replacement For Goodyear!
    By SNAblog in forum The Courtyard Café
    Replies: 0
    Last Post: 03-09-2009, 04:44 PM
  3. HC Vows Temasek Will Hang On To Her Family Jewels
    By SNAblog in forum The Courtyard Café
    Replies: 12
    Last Post: 29-07-2009, 01:17 PM
  4. Temasek Blues
    By Meteour in forum The Courtyard Café
    Replies: 1
    Last Post: 09-09-2008, 02:34 AM
  5. To Cover MASSIVE LOSSES, HoJinx SELL Sg Power Stations to FTs!
    By makapaaa in forum The Courtyard Café
    Replies: 2
    Last Post: 06-09-2008, 08:38 AM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •