Singaporean Firm Purchases 13% Stake in Tuya

MT Newswires Live

2024/11/19

Tuya (HKG:2391) sold 13% of its shares held by global venture capital company New Enterprise Associates to Singapore-based investment platform 65 Equity Partners, according to a Tuesday filing with the Hong Kong Exchange.

65 Equity Partners is wholly-owned by Singaporean wealth management company Temasek.

Shares in Tuya closed 7% higher during Tuesday's trading.

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