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Article: The Tan Sri Khoo Teck Puat Estate Agrees to Sell Shares in Standard Chartered to Temasek.
- Article from:
- PR Newswire Europe
- Article date:
- March 27, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SINGAPORE, March 27 /PRNewswire/ --
The Tan Sri Khoo Teck Puat Estate (Estate) and Temasek Holdings (Temasek) are pleased to announce that the Estate has entered into an agreement to sell or procure the sale of 152,399,222 ordinary shares in Standard Chartered PLC (representing approximately 11.55% of Standard Chartered's ordinary share capital) to Dover Investments, a wholly owned subsidiary of Temasek. This transaction is subject to the relevant regulatory approvals in certain jurisdictions. In addition to this stake, Temasek, directly and indirectly, holds approximately 0.07% of the ordinary shares of Standard Chartered.
Ms Elizabeth Khoo, a trustee ...