Temasek, JTC join hands to create urban development giant

Singapore

MONTHS of exclusive talks on merging four of Singapore's leading players in urban planning and development have concluded with Temasek Holdings and JTC Corporation inking a pact to seal that commitment.

This transaction will see JTC's Ascendas and Jurong International Holdings (JIH) and Temasek's Singbridge Group and Surbana International Consultants Holdings morph into an integrated urban solutions platform.