Here’s what you should know about the news report and the Singapore companies that could benefit from the stock market boost.
Temasek Plans to Pump in Capital to Boost the Singapore Stock Market
According to Bloomberg’s sources, 65 Equity Partners Holdings, part of Temasek with a fund size of at least S$1 billion, will invest in Singapore and regional mid-cap firms, including initial public offerings (IPOs).
Singapore Exchange recently allowed special purpose acquisition companies (SPACs), or blank cheque companies, to list in our country.
Bloomberg added that Temasek and Singapore’s sovereign wealth fund Government of Singapore Investment Corporation (GIC) will be urged to use the new SPAC framework to encourage or facilitate the listing of tech firms in their portfolios.
The Monetary Authority of Singapore (MAS)