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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

Sunshine Oilsands to open $605mln IPO

Posted on 20 February 2012

Sunshine Oilsands Ltd. begins offering shares in an initial public offering to raise as much as HK$4.69 billion ($605 million), the holder of Canadian oil- sand leases said. Sovereign wealth fund China Investment Corp. and China Petroleum & Chemical Corp., or Sinopec, are among cornerstone investors in the IPO, Calgary, Alberta-based Sunshine said.
The shares will be offered for between HK$4.86 and HK$5.08 apiece, and are expected to begin trading on Hong Kong’s stock exchange March 1, it said………………………………………..Full Article: Source


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