PSA divests assets to Temasek

Singapore''s port operator sells more non-core assets to its government owned parent.

In a move aimed at sharpening the focus of Singapore's port operator, PSA Corp, the company announced on Friday that it was divesting four non-core companies and selling them to Temasek, PSA's 100% owner. The move is the latest such divestment after a similar exercise in 2000 saw PSA transfer its property assets to Temasek.

The four companies being transferred are CIAS International one of two licensed airport terminal service providers at Singapore Changi Airport providing ground, cargo and passenger handling services as well as security and catering services. Singapore Cruise Centre A new company to take PSA's cruise assets including the Keppel and Tanah Merah ferry terminals and the cruise...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222