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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

CIC puts US$158.9 mln on property

Posted on 17 June 2009

From Thestandard.com.hk: China Investment Corp is pouring money into an Australian property company after burning its fingers in US financial institutions.

The mainland’s sovereign wealth fund will spend A$200 million (HK$1.2 billion/US$158.9 million) for an 8 percent stake in property firm Goodman Group, the latter’s chief executive Greg Goodman said……..Full Article: Source


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