Temasek's prominent M&As on Ho Ching's watch
TEMASEK Holdings executive director and chief executive Ho Ching will retire from the group come Oct 1. She will also step down from its board on the same day.
She will be succeeded by Dilhan Pillay Sandrasegara, who will continue to concurrently hold his current appointment as chief executive of Temasek International (TI) -- Temasek Holding's commercial arm.
Temasek has made headlines with some prominent deals during Ho Ching's tenure as CEO. These are some highlights:
SMRT Corp, 2016: Acquired all the shares not already owned, via a scheme of arrangement, for S$1.2 billion.
O32, 2014: Made a cash offer for the agribusiness, raising its stake to 58.5 per cent. Stake last reported to be 54 per cent.
AS Watson, 2014: Bought about 25 per cent of the international health and beauty retailer for US$5.7 billion from Hong Kong tycoon Li Ka Shing's Hutchison Whampoa.
STATS ChipPAC, 2007: Made a cash offer for the global semiconductor wafer assembly and test operation, raising its stake from 35 per cent to 83 per cent. Cashed out in 2015.
Shin Corp, 2006: Bought 42 per cent in the company now known as Intouch Holdings. This stake has been pared down over time to 9 per cent.
Standard Chartered Bank, 2006: Bought 11.5 per cent from the Khoo Teck Puat estate. Raised stake over time to 16 per cent.
Neptune Orient Lines, 2004: Made an offer for the Singapore shipper, raising its stake from about 29 per cent to about 67 per cent for S$1.6 billion. Divested in 2016 to CMA CGM.
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