---
title: "Temasek consortium takes control of China freight network"
description: "A consortium led by Temasek, along with Centurium Capital and True Light Capital, has completed the privatization of ANE (Cayman) Inc., resulting in its delisting from the Hong Kong Stock Exchange on "
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/275399095.md"
published_at: "2026-02-10T03:54:26.000Z"
---

# Temasek consortium takes control of China freight network

> A consortium led by Temasek, along with Centurium Capital and True Light Capital, has completed the privatization of ANE (Cayman) Inc., resulting in its delisting from the Hong Kong Stock Exchange on February 10, 2026. Following the takeover, Centurium holds a 51.78% stake, while Temasek and True Light each hold 17.35%. ANE operates in China's LTL express freight market, managing a vast network of over 38,000 partners. This move allows ANE to function as a privately held company.

**Takeover brings 38,000 agents and townships under private control as ANE exits HKEX.**

A consortium led by Temasek, together with Centurium Capital and True Light Capital, has completed the privatization of ANE (Cayman) Inc., with the company's delisting from the Hong Kong Stock Exchange on 10 February 2026.

Following the privatization, Centurium Capital will hold an indirect 51.78% stake in ANE, whilst Temasek and True Light Capital each hold 17.35%.

Remaining equity is held by the trustee of ANE’s Equity Incentive Plans and by former shareholders who rolled over their shares.

ANE operates in China’s less-than-truckload (LTL) express freight market with a network covering over 99.6% of counties and townships through more than 38,000 partners and agents.

The company directly manages all critical sorting and line-haul operations.

Temasek, the Singapore-based investment company, has a net portfolio of $434b as of March 2025. Centurium Capital manages $8.85b (US$7b) in China-focused private equity, while True Light Capital, an independent, indirectly wholly-owned subsidiary of Temasek, oversees around $5.06b (US$4b) in Greater China-related investments.

The privatization allows ANE to operate as a privately held company.

### Related Stocks

- [09956.HK - ANE](https://longbridge.com/en/quote/09956.HK.md)

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.