The insurer aims to sell shares in the fourth quarter, the people said, though details such as the timing and the final size of the offering could change based on market conditions, «Bloomberg» reported.
The fund would provide exposure to unlisted property holdings and invest in climate technologies, renewable energies, medtech and biotech.
Representatives for JPMorgan, Bank of America, Morgan Stanley and Goldman Sachs Group Inc. declined to comment.
According to Trade and Industry Minister Gan Kim Yong, many local and Asian companies in high-growth, high-technology sectors will come of age and seek to list on public markets in the coming years.
As newlywed partners, the two consultancies will work together on advisory and delivery engagements in the property and construction industries, which are Acorn Project Advisory’s main areas of expertise.
He says the SSS can invest up to 15% of its investment reserve fund in foreign currency deposits, bonds, and stocks.
The current chairman of Tata Sons, Natarajan Chandrasekaran, is being considered for extension after his term ends in February
"The launch of the index comes as APREA targets transparency as a key area of focus," said Sigrid Zialcita, Chief Executive Officer at APREA.