“According to estimates by Pakistan’s Invisor Securities, Temasek has invested about US$540 million (S$657 million) in NIB and is sitting on a paper loss of about US$400 million.”
This quote appeared as the last sentence of a Reuters article carried by our nation building, constructive Today. The article was abt Francis Rozario resigning as CEO of Temasek’s Fullerton unit, the unit that invests in Asian banks.
Coming back to the loss, this means NIB is worth only US$140m, and that Temasek has an unrealised loss of 74%.
Update at 6.15pm on 20th July 2011: ST has the same story. And the above quote too appeared as the last sentence. Some people were careless in editing the story for us “daft” S’poreans. Interestingly, BT doesn’t report the resignation.