North Asian buyout firm MBK Partners and Marunouchi Capital were also shortlisted to proceed to the next round of bidding.
The world’s largest brewer has been looking to reduce borrowings following its purchase of SABMiller Plc for more than $100 billion in 2016.
Temasek is working with an adviser to consider possibilities for its 25% holding in A.S. Watson after receiving some preliminary interest.
WeLab has asked bankers to suspend preparation citing current market volatility.
GIC and Northstar bought a $200 million minority stake in Triputra Agro Persada in 2012 and completed a follow-on investment in 2016.
Xinyi Energy is postponing the deal amid a broad equity selloff in Hong Kong, where the benchmark Hang Seng Index is down more than 20 percent since its January all-time high.
EQT Partners and an arm of Macquarie Group Ltd. are also said to be studying a deal for the asset.
The firm has reached out to potential investors including sovereign wealth fund China Investment Corp. to gauge their interest.
The sale process is part of BRF’s $790-million divestment plan to ease its debt burden.
Mondelez International Inc. is working with Morgan Stanley as it studies a bid for Arnott’s Biscuits, the Australian maker of Tim Tams.