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Sovereign Wealth Funds Briefing - Categorized | Investment

China Datang may sell 20 pct stake to NSSF

Posted on 09 July 2009

From Reuters: Datang Telecom, a telecom equipment maker, is in talks to sell a 20-percent stake to China’s national pension fund worth as much as 3 billion yuan ($428.6 million), China Daily reported on Thursday.
Datang Telecom, the major developer of China’s TD-SCDMA standard for third generation telecom services, and the National Social Security Fund (NSSF) had not yet settled on a price tag for the proposed private placement, said the newspaper, citing unnamed company sources……..Full Article: Source


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