We refer to the article which mentioned Temasek's investment in Hyflux (Temasek 
invested, so couple did so too; March 31).

Temasek's investment in Hyflux was part of an initiative during the early 2000s 
to invest in Singapore small and medium-sized enterprises (SMEs), to support 
their growth in promising sectors, such as water technology.

Upon completion of its investment objectives, Temasek exited its Hyflux 
investment. https://www.kingsgame9.com

This was before 2006, as noted in the news article - well before the issuance 
of Hyflux preference shares in 2011 and their perpetual bonds in 2016.

Today, Temasek continues to invest in Singapore SMEs via an independently 
managed fund, Heliconia Capital Management.

Guided by its own board and management, Heliconia seeks to invest growth 
capital in Singapore-based SMEs.

In addition to risk capital, Heliconia management also works with its investee 
companies on strategies and opportunities for regional or international growth.
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