temasek-executes-third-china-selldown-this-week

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 are up substantially from the time when Temasek invested.

China Cosco Holdings, which was the target for yesterdayÆs sell-down, is a case in point, having rallied 465% this year alone. And thatÆs despite the fact...
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