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<TABLE border=0 cellSpacing=0 cellPadding=0 width=452><TBODY><TR><TD vAlign=top width=452 colSpan=2>Published July 9, 2010
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>China main focus now: Singbridge
NEW Temasek Holdings subsidiary Singbridge International has shed light on its growth plans, saying it will focus on developing environmentally sustainable and economically viable cities in emerging markets in Asia and the Middle East.
In particular, it will look to China as its key market for now - with economies such as Vietnam, India and Indonesia on the radar in the longer term.
But this does not mean it will turn a blind eye to growth opportunities in other regions, Singbridge said at its first media briefing yesterday. It has a global mandate and 'will be keen to develop projects in places which possess strong economic fundamentals, show interest in Singapore software and offer conditions that make the projects commercially viable'.
In time, it will also broaden its project portfolio, said chairman Lim Chee Onn. 'We are starting from scratch. In a way, we are like a start-up company. So, over time, as we grow, there will be a greater variety of projects, as well as the type of people we will need in Singbridge,' he said.
Last week, Singbridge signed agreements with Guangzhou Municipality to jointly invest in and develop the Sino-Singapore Guangzhou Knowledge City in Guangzhou, China.
Singbridge has committed to invest two billion yuan (S$409 million) for a 50 per cent stake in the project, while its Chinese joint-venture partner will contribute a 123 sq km site and develop infrastructure to connect the project to the rest of Guangdong province.
</TD></TR></TBODY></TABLE>
</TD></TR><TR><TD vAlign=top width=452 colSpan=2>China main focus now: Singbridge
NEW Temasek Holdings subsidiary Singbridge International has shed light on its growth plans, saying it will focus on developing environmentally sustainable and economically viable cities in emerging markets in Asia and the Middle East.
In particular, it will look to China as its key market for now - with economies such as Vietnam, India and Indonesia on the radar in the longer term.
But this does not mean it will turn a blind eye to growth opportunities in other regions, Singbridge said at its first media briefing yesterday. It has a global mandate and 'will be keen to develop projects in places which possess strong economic fundamentals, show interest in Singapore software and offer conditions that make the projects commercially viable'.
In time, it will also broaden its project portfolio, said chairman Lim Chee Onn. 'We are starting from scratch. In a way, we are like a start-up company. So, over time, as we grow, there will be a greater variety of projects, as well as the type of people we will need in Singbridge,' he said.
Last week, Singbridge signed agreements with Guangzhou Municipality to jointly invest in and develop the Sino-Singapore Guangzhou Knowledge City in Guangzhou, China.
Singbridge has committed to invest two billion yuan (S$409 million) for a 50 per cent stake in the project, while its Chinese joint-venture partner will contribute a 123 sq km site and develop infrastructure to connect the project to the rest of Guangdong province.
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