Temasek, JTC say entities' merger unlikely to impact industrial rents
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Singapore
TEMASEK Holdings and JTC Corporation said on Friday the proposed merger of their entities involved in urban planning and development is not expected to affect industrial rents in Singapore.
Their comments came in response to media queries following an announcement on Thursday that they have entered into exclusive talks to explore the merger of Ascendas, Jurong International Holdings (JIH), Singbridge Group and Surbana International Consultants.
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