Singapore-headquartered ocean carrier PIL received loans via the country’s sovereign wealth fund, Temasek Holdings, last year, according to Alphaliner.
The consultant said the carrier had pledged its shares in the Hong Kong-listed container manufacturer Singamas as collateral; the information revealed in stock exchange disclosures which names Temasek as an “indirect” 20.56% shareholder in the box builder.
The stake is held through hedge funds controlled by Temasek and ,although it is unlike the...
https://theloadstar.com/singapores-sovereign-wealth-fund-temasek-rescues-debt-laden-carrier-pil/