temasek-concerned-about-secondary-market-performance

Temasek concerned about secondary market performance

Temasek replies to our article, "NOL placement charters difficult waters."

We refer to the article NOL placement charters difficult waters FinanceAsia, 12 November 03, which says that Temasek is developing a reputation for riding roughshod over investors and is thinking only of maximising proceeds and not of aftermarket performance.

We are perturbed by this conclusion. Temasek has no intention of giving other investors the short end of the stick. As a shareholder, we are as concerned about aftermarket performance as any other investor. In all instances, Temasek still retains a large stake in the companies following any share placement exercises, and it is therefore in our best interests too that the share prices of our companies continue to move positively.

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