"Standard Chartered slipped 50p to £16.41 despite the news that Temasek, the Singapore sovereign wealth fund, had lifted its stake to 19pc. Temasek has gradually increased its holding in Standard Chartered, the Asia-focused bank, over the last year, sparking speculation of a takeover or some other corporate action."
http://www.telegraph.co.uk/money/main.jhtml;?xml=/money/2008/01/29/cxmktrep129.xml