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COPYRIGHT 2006 Asia Pulse Pty Ltd
(Full text of statement. Contact details below.)
SINGAPORE, March 28 /Xinhua-PRNewswire-AsiaNet/ --
The Tan Sri Khoo Teck Puat Estate (Estate) and Temasek Holdings (Temasek) are pleased to announce that the Estate has entered into an agreement to sell or procure the sale of 152,399,222 ordinary shares in Standard Chartered PLC (representing approximately 11.55 per cent of Standard Chartered's ordinary share capital) to Dover Investments, a wholly owned subsidiary of Temasek. This transaction is subject to the relevant regulatory approvals in certain jurisdictions. In addition to this stake, Temasek, directly and indirectly, holds approximately 0.07 per cent of the ordinary shares of Standard Chartered.
Ms Elizabeth Khoo, a trustee of the Estate said, "We are pleased to have concluded the agreement. Given Temasek's...
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