OBS_VALUE: Temasek Holdings is an investment company fully owned by Singaporean Government, which owns 100% equity shares in MediaCorp. MediaCorp Pte. Ltd. is Singapore's largest content creator and national media network. It holds television, radio and digital properties including 6 television channels, 11 radio stations and multiple digital platforms. Media Development Authority of Singapore considers that MediaCorp holds dominant position in television and radio services industry. As such, it cannot be merged or consolidated with, or be taken over by any other person carrying on business in any media industry, without the prior written approval of the Authority. However, there are no legal limits on the proportion of shares in sound recording that may be acquired by foreigners. 