starts flying !!!, page-2

re: sie - temasek md I don't hold any SIE but the latest announcement on 18 December about the new director is fairly amazing.



The Board of SciGen announced today that Mr S Iswaran has accepted an invitation to join the Board of SciGen Limited from 1 January 2003.

Mr Iswaran is Managing Director of Temasek Holdings Pte Ltd and a Member of Parliament in the Singaporean Government.

Temasek Holdings is the major holding company of the Singapore Government with assets in excess of S$50 billion.

Mr Iswaran has a Bachelor of Economics with first class Honours from the University of Adelaide and a Masters in Public Administration from Harvard University.


What is Temasek Holdings?

"We are the investment holding arm of the Singapore Government. We were established in 1974 to hold the Government's investments in a number of companies. Starting with only 36 companies, the number of companies in our group has grown substantially.

Today, many of our companies are listed on the Singapore Exchange. They include DBS Bank, Keppel Corporation, Neptune Orient Lines, SembCorp Industries, Singapore Airlines, Singapore Telecoms and SMRT Corporation. Together, the major listed companies in our group currently account for about 21% of the market capitalisation of the Singapore Stock Exchange.

We also participate in private sector direct investment activities globally"


It really is bizarre that the MD of Temasek Holdings joins the board of a little biotech stock in Australia.