Temasek plans new investment company

WSJ – Temasek Holdings Pte. Ltd. has set up an investment company called Seatown Holdings Pte. Ltd. as part of its effort to partner more with outside investors.

Charles Ong, senior managing director and chief strategist for Temasek, will be the new company’s chief executive.

Temasek, one of the world’s largest sovereign-wealth funds, didn’t provide further details Wednesday.

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