Temasek executes third China sell-down this week
The Singapore investment company sells $275 million worth of shares in China Cosco, bringing its total divestment this week to $1.1 billion.
For the third day this week, Temasek Holdings has sold part of its stake in a Hong Kong-listed Chinese company, which has intensified speculation about whether it anticipates a prolonged downturn in the market or whether it is preparing to make an investment elsewhere.
In comments to various media, the Singapore investment company has said that the selling of shares is part of its normal portfolio management. The share prices of all three companies involved in the placements this week...
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