LISTING OF COMPANIES FROM TEMASEK GROUP

Mr Shriniwas Rai asked the Minister for Finance whether the Government will give details about the listing of Companies from the Temasek Group.

Dr Richard Hu Tsu Tau: Temasek Holdings currently has a number of directly held unlisted GLCs, eg, PSA Corp, Singapore Power and SMRT. The Government's intention is to publicly list these unlisted GLCs when they are ready. There is no predetermined schedule for their listing. The Government is in no hurry to divest its shares in them as, unlike many countries which have embarked on privatisation exercises, we do not require the privatisation proceeds to fund the Budget. The timing for the listing would depend on factors like market conditions, and the companies' state of preparation for a successful listing.