Temasek shifts to private equity, targets China market

by fivip11 on 2007-12-08 10:59:37

It was reported that the total amount of the private equity fund established by Fang Fenglei was 2 billion US dollars. Of this, apart from the 1 billion US dollar contribution from Temasek Holdings, the rest of the 1 billion US dollars was funded by several smaller scale investors. This is Temasek's latest investment following its successful signing of an agreement to acquire 8.3% of China Eastern Airlines Corporation Limited shares for 315 million US dollars.