TEMASEK Holdings, Singapore's state-owned investment company, is investing US$500 million (S$691 million) in a leading US producer(Chesapeake Energy) of natural gas. Temasek will subscribe for US$500 million of Chesapeake's convertible preferred shares with a 5.75 per cent cumulative dividend and a conversion price of US$27 per common share.
This is a great opportunity to bring Singapore to a higher level of economic as Singapore have venture into overseas company and gas will produces a huge revenue. Gas is also a highly demand natural resource by all countries. By investing in gas will be benefit much to Singapore. Temasek Holdings is also holding to many overseas company shares and different types of company therefore it will not face a downpour even if one sector is not doing well. So, I think this is a great investment as it will tend to benefit Singaporeans as the economice is able to get to a higher level.
By:HuiYi
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