Sept. 13 (Bloomberg) -- Temasek Holdings Pte raised its investment in Standard Chartered Plc, the U.K. bank that makes most of its profit in Asia, to 17 percent, giving it a stake valued at about $7.3 billion.
Temasek, a state-owned investment company in Singapore, previously held 16 percent, London-based Standard Chartered said today in a Regulatory News Service statement.
Temasek, the bank's largest shareholder, bought a 12 percent holding in March 2006 from the estate of late Singapore hotelier Khoo Teck Puat for 2.3 billion pounds ($4.7 billion). Temasek also holds about 2 percent of London-based Barclays Plc.
