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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC sells Beijing airport stake for S$382 mln

Posted on 19 December 2013

Singapore sovereign wealth fund GIC has sold a stake in the operator of China’s biggest airport for HK$2.36 billion (S$382 million) to NWS Holdings, controlled by Hong Kong billionaire Cheng Yu-tung, the Bloomberg news agency reported.
NWS will buy 383 million shares, or about 8.8 per cent, of Beijing Capital International Airport at HK$6.15 apiece, the report said, citing a Hong Kong stock exchange filing………………………………………..Full Article: Source


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