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It turns out that Temasek Holdings was also once a major shareholder in Sino-Forest.
Not too sure whether they are still holding on to any.
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TH holds many foreign assets including chinese banks. Most of TH holdings although substantial does not come with direct controlling interests in the assets. TH is viewed more as an investors rather than someone wanting to control and manage those assets.
Replyme too, freaked out by chinaman. Having said, it is important to distinguish between what’s an S-chip and what’s not. I think if one talk to market players to describe what is an S-chip, there are overlapping similarities and few non-similarities.
for me, an S-chip is a chinese company with almost/all of its assets in China and operating out of China. Its controlling shareholders are chinaman base there. The chairman and Ceo of the company and top managements are also all from there.
Almost all the S-chips listed in Singapore fit the aboves except Midas where its Ceo is a singaporean but its major shareholder is a chinaman. So far, midas no scandal yet and trading close to attractive level. What’s your thought about midas? Could it be different from other S-chips?
i think for exposure to the china growth story, it’s better to invest along with big singapore companies or sovereign funds that have direct controlling interests in mainland assets. Example would be GLP, CapmallAsia, ChinaMinzhong??, ….
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