In exchange, Temasek is expected to get a less than a 10% stake in the company.
Barclays' biggest shareholder is Middle Eastern, while Temasek, Singapore's investment arm, owns a fifth of StanChart.
Last year, Khazanah sold a 5% stake in Telekom to Temasek, its Singaporean counterpart.
Temasek's total annual shareholder return has dropped to only 6% for the past ten years.
AllThingsD notes that Singapore-based Temasek will take a smaller role in the deal than the other players.
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Aqua doubled its money in three years, selling in 2005 to a group of investors, including Temasek.
To raise cash, Groves sold a 12% stake in May to Temasek, the Singapore government's investment arm.
Existing shareholders including Silver Lake, DST Global and Temasek participated by increasing their investment in the company.
Having said that, Temasek is paying a fairly expensive 15 times prospective 2006 earnings for Shin Corp.
What really stirred upset was Thaksin's selling his family-linked telecom-tech Shin Corp. to the Singapore government-linked Temasek Holdings.
In 2010 it sold preferred shares to a unit of Singapore's Temasek Holdings Ltd. and Hopu Investment Management Co.
Property developer Mapletree Investments, owned by Singapore state investment company Temasek Holdings Pte.
On one count there is little disagreement: Temasek's taking control of Shin's main holding, the telecom firm Advanced Info Service.
Investors include Benchmark Capital (12.6% post-IPO), DAG Ventures (12.4%), Temasek Capital (8.2%), Focus Ventures (4.9%) and Crosslink Capital (4.6%).
One was Temasek, an arm of the Singapore government, the other Davis Selected Advisors, a New York investment management firm.
To raise cash for his recent acquisitions, Groves sold a 12% stake in May to Temasek, the Singapore government's investment arm.
Boon Sim, global head of Credit Suisse's mergers business, is leaving to head North American operations for Singapore investment firm Temasek.
Plenty made mistakes: Temasek, Singapore's other state fund, sold out of Bank of America early this year, probably at a loss.
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But the deal, in which DBS would buy a controlling stake from Singapore state investment firm Temasek Holdings, faces significant regulatory hurdles.
The Kuwait Investment Authority, Temasek and the Government of Singapore Investment Corp.
Even Temasek, of Singapore, has had some rare setbacks (see article).
This is a time of transition for Temasek, as it moves away from a concentration in Singaporean assets and toward more diversification abroad.
In 2003 Chua was named CEO of Raffles Holdings, which was 60% owned by CapitaLand (whose own majority investor is state-owned investment company Temasek).
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Even more riling for Thailand's more nationalistic citizens is that the telecommunications giant was sold to Temasek Holdings , the state-owned investment arm of Singapore.
Denmark's Moeller-Maersk, Singapore government investment agency Temasek Holdings and Li Ka-Shing's Hutchison Whampoa were also rumored to be potential bidders for the ferries group.
Lots of bidders would be interested in EDS, including a few of the top Indian IT firms, SITA, Singtel (funded by Temasek no doubt), or even Samsung.
Rather than have that be held by an entity of Singapore, whose own media is tightly controlled, "Temasek should sell these off to local investors, " Korn says.
He is quick to say that most anti-Temasek rhetoric was really a tool to attack Thaksin, not necessarily a major shift in Thailand's generally open investment policies.
Underscoring the industry's potential, Singapore's government-owned investment company Temasek said in June it was buying a 10% stake of publicly traded Minh Phu Seafood Corp. of Vietnam.
The news of Cedar stake sale sent Shin Corp shares down more than 6 percent as investors worried that Temasek may sell more Shin shares at a discount.
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