SINGAPORE - Standard Chartered said late on Tuesday that Singapore state investor Temasek Holdings has raised its stake in the London-based bank to 15 per cent from 14 per cent.
Temasek earlier this month had raised its stake in Standard Chartered to 14 per cent from 13 per cent.
Based on Tuesday's share price, Temasek's total stake in the Asia-focused bank would be worth around �3.2 billion (S$9.6 billion). Temasek, which is headed by Ho Ching, the wife of Singapore's Prime Minister Lee Hsien Loong, also owns stakes in Barclays and Bank of China. -- REUTERS
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