💰SWF – Sovereign Wealth Fund
HNA Shores Up Debt, Pledging Shares in Postal Savings Bank.
Chinese conglomerate HNA Group Co. moved to increase liquidity on its massive balance sheet by using part of its equity position in state-owned Postal Savings Bank of China Co. to borrow money.
https://www.swfinstitute.org/swf-news/hna-shores-up-debt-pledging-shares-in-postal-savings-bank/
Temasek to Sell Total Stake in Bank Danamon to Mitsubishi UFJ Financial.
Singapore’s Temasek Holdings pulled the trigger and agreed to sell its entire 73.8% stake in PT Bank Danamon Indonesia, Tbk., Indonesia’s fifth-largest bank by market capitalization, to The Bank of Tokyo-Mitsubishi UFJ, Ltd.
Temasek is selling its holding in the bank through Asia Financial (Indonesia) Pte. Ltd. and other affiliated entities. Asia Financial is a wholly-owned subsidiary of Fullerton Financial Holdings Pte. Ltd.
MUFG is conducting its acquisition of Bank Danamon in three stages.