SINGAPORE, Sept 4 (Reuters) - Singapore's state investment company Temasek Holdings [TEM.UL] confirmed on Tuesday that it has raised its stake in London-based Standard Chartered (STAN.L: Quote, Profile , Research) because it thought the emerging markets bank was an attractive investment.
"We have always considered Standard Chartered to be a good investment," Temasek spokeswoman Myrna Thomas said in an email. "We capitalised on current market opportunities to increase our exposure to a strong financial services player."
Standard Chartered said in a disclosure statement on Monday that Temasek had on Aug. 29 raised its holding to 16 percent from 15 percent.
