PSA divests assets to Temasek

Singapore''s port operator sells more non-core assets to its government owned parent.
February 15, 2003

In a move aimed at sharpening the focus of Singapore's port operator, PSA Corp, the company announced on Friday that it was divesting four non-core companies and selling them to Temasek, PSA's 100% owner. The move is the latest such divestment after a similar exercise in 2000 saw PSA transfer its property assets to Temasek.

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