Temasek Divestments Hit Record, Portfolio at $339 Billion

Singapore state-owned investor Temasek Holdings Pte reported divestments worth S$42 billion ($33 billion) for its last fiscal year — its largest annual disposal on record — while the firm’s net portfolio value also hit a new high.

Temasek’s net portfolio value was S$434 billion as of March 31, up S$45 billion from the year before, thanks in large part to higher share prices at some of its Singaporean holdings as well as assets in the US, India and China.