JTC, Temasek exploring merger of four units to tap on growth opportunities
Published on Sep 4, 2014 8:37 PM
SINGAPORE - Industrial landlord JTC Corporation and Singapore investment firm Temasek Holdings are exploring a merger of four of their operating subsidiaries.
They will begin exclusive talks to merge Ascendas, Jurong International, Surbana International Consultants and Singbridge Group into a "combined integrated platform for sustainable urban development", they said in a joint statement on Thursday.
Ascendas and Jurong International are under JTC, while Surbana and Singbridge are Temasek units.
"Urbanisation is continuing at an unprecedented scale and speed in cities across China, India and South-east Asia," JTC and Temasek said.
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