Why is Temasick Having So Many Offshore Subsidiaries. To Facilitate Run Road?

[makapaaa]

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[TD]Coffeeshop Chit Chat - Temasek offshore subsidiaries?[/TD]
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[TD="class: msgDate, width: 30%, align: right"]May-2 5:19 pm [/TD]

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[TD="class: wintiny, align: right"]64484.1 [/TD]
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[TD="class: msgtxt"][FONT=Verdana, Arial, Helvetica, Geneva, Swiss]"[/FONT] Two Temasek subsidiaries based in Mauritius offered about 1.6 billion shares in CCB in a range of HK$5.99-HK$6.10 per share, or a discount of 2.8 percent to 1 percent to Wednesday's closing price."

http://www.reuters.com/article/2012/05/02/us-temasek-china-banks-idUSBRE8411O320120502


Since when did Temasek have off-shore based subsidiaries? And why are they doing this? To avoid taxation?
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