Tuesday, March 1, 2011
Temasek may bid for 39% stake in Chinese cosmetic maker
Bloomberg, 2 Mar 2011Sovereign wealth fund China Investment Corp. and Singapore state-owned investment company Temasek Holdings Pte. may bid for a 39 percent stake in Chinese cosmetics maker Shanghai Jahwa United Co., the Financial Times reported without citing anyone.The 39 percent stake may be worth 6.1 billion yuan ($929 million), based on the Shanghai-based company’s closing share price of
