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Sovereign Wealth Funds Briefing - Categorized | Investment

Citic Capital, Temasek to buy Chinese software firm Asiainfo for $900 mln

Posted on 14 May 2013

A consortium led by China’s Citic Capital and Singapore’s sovereign wealth fund Temasek Holdings today agreed to buy US-listed Chinese telecom software firm Asiainfo-Linkage Inc for about $900 million.
The consortium that includes Asiainfo-Linkage founder Edward Tian has offered to pay $12 per share, a premium of 2.8 per cent to the company’s closing price of $11.68 on 10 May………………………………………..Full Article: Source


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