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Singaporeans’ CPF --> SSGS --> GIC --> MOF --> Temasek --> Keppel --> M1 --> Malaysia’s Axiata

Some interesting facts:

1. Singaporeans’ CPF funds are invested in Special Singapore Government Securities (SSGS).
Source: http://www.gic.com.sg/faq

2. SSGS is managed by Government of Singapore Investment Corporation (GIC).
Source: http://www.ifaq.gov.sg/MOF/apps/fcd_faqmain.aspx#FAQ_59748

3. GIC Private Limited is a professional fund management organization of Singapore’s Ministry of Finance (MOF).
Source: http://www.mof.gov.sg/Policies/Our-Nations-Reserves/Section-I-What-comprises-the-reserves-and-who-manages-them

4. MOF is the shareholder of Temasek Holdings Private Limited (Temasek).
Source: http://www.temasek.com.sg/abouttemasek/faqs#

5. Temasek owns Keppel Corporation (Keppel).
Source: http://www.kepcorp.com/en/content.aspx?sid=68#a8

6. Keppel owns Mobile1 (M1).
Source: http://www.straitstimes.com/business/companies-markets/temasek-said-to-discuss-potential-sale-of-keppel-stakes-in-m1-keppel-reit

7. Singapore’s M1 to be sold to Malaysia’s Axiata
Source: http://sbr.com.sg/commercial-property/news/should-keppel-ditch-its-stakes-in-m1