China Top Investment Destination of Temasek
China remained the largest investment destination country of Singapore's investment company Temasek Holdings, accounting for 27 percent of the company's exposure to underlying assets, according to its 2021 annual report.
Following China, Singapore, with 24 percent of the exposure, was the second-largest destination country of Temasek's investment, and the region covering the United States, Canada and Latin America, ranked the third with a share of 20 percent, the report said.
In the past financial year, in China, the Singapore company invested in Black Lake Technologies, a provider of manufacturing operation management software solutions; Genki Forest, an innovative healthy beverage company; and Clover Biopharmaceuticals, a biopharma company developing vaccines and oncology drugs. (Source: Chinadaily)
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