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Sovereign Wealth Funds Briefing - Categorized | Investment

China Investment Corp buys into Goodman finance facility

Posted on 16 June 2009

From Businessspectator.com.au: Property developer Goodman Group Ltd says China Investment Corporation (CIC) has bought into a $485 million finance facility, after Macquarie Bank reduced its stake in the capital pool by $15 million.

The news sent Goodman shares tumbling 9.18 per cent to 44.5 cents in early trade, against a 1.3 per cent drop in the benchmark index. ……Full Article: Source


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