By Kristie Neo
The property was acquired from Unibail-Rodamco-Westfield, a European commercial real estate company.
Singapore finance minister Heng Swee Keat called on venture capital firms in the city-state to embrace disruption and take risks.
The venture capital firm recently closed its second fund at its $135-million hard cap.
Temasek Financial is offering up to S$200 million to retail investors and another S$200 million to institutional, accredited, and other specified investors.
The “Safer Everyday” programme was announced in partnership with government agencies across Southeast Asia.
Sygnia will maintain operational independence while pursuing its collaborations with Temasek and its portfolio companies.
Temasek already has a number of investments in Chinese banks, a show of its confidence in the nation’s huge and growing financial sector.
Grab CEO Anthony Tan has been put in charge of the effort.
GIC will join Nordic Aviation Capital founder Martin Moller and Stockholm-based investment firm EQT as investors in the company.
The estimated net proceeds are about S$9.92 million ($7.21 million). AHS intends to use all the net proceeds to finance business expansion and grow its existing business.