Corporate digest

Temasek Holdings

TEMASEK Holdings has invested in French asset manager Tikehau Capital Partners as it expands investments in Europe. Temasek was among investors injecting a total of 510 million euros (S$764 million) in Tikehau Capital Partners and its holding company as part of two capital increases, the Paris-based firm said. Temasek now holds a stake of more than 5 per cent in the holding company, Tikehau Capital Advisors.

Julien Sanson, a spokesman for Tikehau, said it's the first time Temasek invested in both these firms. Stephen Forshaw, a spokesman for Temasek, confirmed the transaction.

Another new investor buying a stake in Tikehau Capital Advisors is French investment company FFP, the family office of the Peugeot clan. They join existing holders including Amundi SA and Credit Mutuel Arkea SA. BLOOMBERG

Lereno Bio-Chem

INDEPENDENT auditor Foo Kon Tan has highlighted that material uncertainties relating to Lereno Bio-Chem cast significant doubt on the group's and the company's ability to continue as a going concern. This was in the light of the group incurring losses and total comprehensive loss of S$1.237 million and S$1.238 million respectively, and net operating cash outflows of S$800,000 for the financial year ended March 2016. In addition, the group's current liabilities exceed the group's and the company assets by S$5.62 million and S$5.54 million respectively. In addition, the company has become a cash company as at August 2015. According to Catalist Rules, Singapore Exchange may remove the company from the official list if it is unable to meet the requirements for a new listing within 12 months. The company may apply for a six-month to 12-month period extension.