Temasek Sold Stake in Cheniere After Share Price Tripled

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Temasek Holdings Pte, Singapore’s state-owned investment firm, sold its stake in Cheniere Energy Inc. after shares of the U.S. natural gas importer surged.

Temasek sold 9.2 million shares of the Houston-based company directly or through its units in the second quarter, valuing the stake at $257 million, according to a filing yesterday with the U.S. Securities and Exchange Commission.