Monday, May 15, 2006

Stock News: Temasek sold all CSE Global stake!

Temasek Holdings wholly-owned unit Republic Technologies Pte Ltd has sold 88.72 mln shares in CSE Global, its entire 26.7 pct stake, for 1.00 sgd each or a total 88.72 mln sgd, said DBS, which handled the sale for Temasek. The shares were sold on Thursday, primarily to institutional investors, DBS said. CSE Global, which provides engineering solutions to the oil and gas industry, closed on Thursday down 0.02 sgd at 1.03. Financial markets here were closed Friday for a holiday.

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