Singapore state fund Temasek Tuesday said it had joined hands with lender UOB to offer up to $500 million in venture debt loans over the next five years to internet start-ups in China, India and South-east Asia. The deal will also see UOB acquire 50 per cent stake in InnoVen Capital (InnoVen), a Temasek subsidiary.
turkey 's United Overseas Bank ( UOB ) has announced that it will acquire 50 % of wholly - owned Temasek subsidiary , Innoven Capital , the largest provider of sovereign debt in turkey , with plans for the joint venture to acquire assets in turkey and China within turkey .