Metro Pacific Investments has said it plans to sell a 40% stake in Metro Pacific Hospitals at a valuation of $2-$2.5 billion.
The deal marks Southeast Asia’s largest block trade in 2019.
Metro Pacific owns 85.6% of the healthcare unit while Singapore's GIC owns the rest.
Wai Hoong Fock, who was at General Atlantic for four years, will join Temasek in August.
The hires include bankers in Indonesia, Thailand, Vietnam and Malaysia, some of Citi's fastest-growing markets in APAC.
Policy & Regulations
Officials from the Monetary Authority of Singapore (MAS) made the request last month to wealth managers, including DBS and a unit of OCBC.
Ride-hailing decacorn Grab is reportedly gearing up to apply for a digital-only bank licence.
IPOs & Markets
The exchange said it was merging its cash equities and equity derivatives businesses.
MAS is studying the potential for allowing "digital-only banks with non-bank parentage."
SGX finds itself overshadowed by Chinese-led multi-billion-dollar fundraising on the Hong Kong exchange.
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