Temasak Holdings is now YGE's largest shareholder...
CHINA China continues its pace of transformation unabated. With rapid urbanisation and fast-rising disposable incomes, the residential real estate and consumer & lifestyle sectors are proxies for our interest in the rapidly growing middle class. We also focused on energy and resources driven by China’s robust demand to support its growth.
Over the past year, we invested over S$1.6 billion to back emerging champions such as Country Garden, the largest property developer, Xingyu Hengdeli, the largest luxury watch retail chain, and Yingli Green Energy, a leading solar equipment producer in China. Our investments in new private equity funds such as CITIC Capital China Partners and Trust Bridge Partners complement our direct investments in China.
This is great news. Look at Temasek, they got 19% compounded over 33 years. They do a good DD before investing. How many hedge funds or mutual funds can beat that? The Singapore people are so lucky to have this management to manage their retirement funds. Their picking YGE is a great consolation for all longs - proved again that you all did a good job at chosing YGE.