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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

GCL-Poly says plans JV with CIC in early 2010

Posted on 15 December 2009

From Reuters: Power plant operator GCL-Poly Energy said on Tuesday that it aims to set up a joint venture with China Investment Corp, China’s sovereign wealth fund, early next year.

The JV, which would have registered capital of $500 million, would invest in solar power generation stations overseas, said GCL-Poly Chief Financial Officer Samual Tong, speaking to journalists in Hong Kong……………………………….Full Article: Source

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