Singapore’s Temasek reduces stake in Amyris Biotech

Amyris brand logo. Visual from the company's social media page

Temasek Holdings has reduced its stake in Amyris Biotechnologies by 1.12 per cent, to 39,340,967 shares. The Singapore based fund now owns 36.12 per cent of the industrial bioscience materials company.

Currently, Amyris has a market capitalisation of $160.65 million

The company focuses on leveraging its bioscience technology to develop and provide renewable compounds for different industries. The firm applies an industrial bioscience technology platform to provide alternatives to select petroleum-sourced products that are used in the consumer care, specialty chemical and transportation fuel sectors.

According to an Octafinance report, 54 hedge funds and institutional investors own shares in Amyris, with the institutional ownership of the company in Q1 2015 is high, at 31.56 per cent of the shares outstanding. A total of four funds have opened new positions in Amyris, while 13 have increased their holdings

First Republic Investment Management is the most positive institutional investor on Amyris, with it being at less than 0.01 per cent of its stock portfolio. Temasek Holdings Private Ltd is another positive institutional investor, with Amyris composing 0.19 per cent of its stocks portfolio.

Founded in 2003, Amyris’s commercialisation efforts have been focused on a renewable hydrocarbon molecule called farnesene (Biofene), which forms the basis for a range of products including, emollients, fragrance oils and diesel fuel.

While Amyris’s platform can use a wide variety of feedstocks, it has initially focused on Brazilian sugarcane and has entered into various contract manufacturing agreements to support its commercial production needs. Amyris has two principal operating subsidiaries: Amyris Brasil for production in Brazil, and Amyris Fuels.

Also Read: Japan’s Mitsui & Co picks up minority stake in Singapore retailer Triple

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.