By Francis Chan

SINGAPORE'S Temasek Holdings, already the largest shareholder in Standard Chartered, may increase that stake.

The third largest bank in Britain said yesterday that it plans to raise 1.8 billion pounds (S$4.1 billion) in a rights issue to prop up its balance sheet amid the current financial turmoil.

According to StanChart's statement to the London Stock Exchange, Temasek 'is intending to take up its rights and is also participating in the underwriting of the rights issue'.

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