Temasek-backed consortium completes ANE privatisation in China freight sector

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

A consortium including Centurium Capital, Temasek, and True Light Capital has completed the privatisation of ANE (Cayman) Inc., with the company delisted from the Hong Kong Stock Exchange at 4:00 PM on 9 February 2026.

Following the privatisation, Centurium Capital holds an indirect 51.78% stake in ANE, while Temasek and True Light Capital each hold 17.35%. Remaining equity is held by the trustee of ANE’s Equity Incentive Plans and former shareholders who rolled over their shares.

ANE operates in China’s less-than-truckload (LTL) express freight market, covering over 99.6% of counties and townships through more than 38,000 partners and agents. The company manages all critical sorting and line-haul operations directly.

Temasek, the Singapore-based investment company, had 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 privatisation allows ANE to operate as a privately held company and pursue strategic initiatives with greater flexibility.

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