Temasek Sells Its Entire Stake in China’s Huaneng Renewables

Temasek Holdings Pte., Singapore’s state-owned investment company, sold its 5.34 percent stake in Huaneng Renewables Corp. on July 18.

Temasek sold 155.5 million shares at an average HK$2.8 (36 U.S. cents) each, according to a Hong Kong exchange filing. FIL Ltd. this month bought 3.14 million shares in Huaneng Renewables at the same price, raising its stake to 13.11 percent.

Huaneng Renewables, a Chinese developer of clean energy, declined 1.1 percent to close at HK$2.75 in Hong Kong trading.