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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC agrees to invest US$500 mln in SouthGobi

Posted on 27 October 2009

From China Knowledge: China Investment Corp, the country’s US$300 million sovereign wealth fund, has agreed to invest in SouthGobi Energy Resources.

CIC said in a statement released late Monday that it will buy a 30-year secured debenture issued by the Canadian company for US$500 million. The debt will be able to convert into SouthGobi’s common shares in 12 months……………………..Full Article: Source

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