SINGAPORE—Singapore state investment firm Temasek Holdings Pte. Ltd. said it sold more assets than it bought for the first time in nine years, as it shifted its focus toward private equity and moved away from public markets where valuations are high. The company, which had a portfolio value of almost $200 billion at the end of the last financial year, owns large stakes in global firms including Standard Chartered PLC and China Construction Bank Corp. In the financial year ended March 31, Temasek invested 16 billion...

Source: Wall Street Journal July 11, 2017 07:16 UTC