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Sovereign Wealth Funds Briefing - Categorized | Investment

CIC buys stake in Poly Energy

Posted on 29 December 2009

From China Knowledge: China Investment Corp, the country’s US$300-billion sovereign wealth fund, acquired a 20% stake in China’s leading green energy supplier, GCL-Poly Energy Holdings Ltd, said GCL-Poly Energy in a statement filed with the Hong Kong Stock Exchange.

GCL-Poly Energy said that CIC spent HK$5.56 billion to buy 3.11 billion shares of the firm at HK$1.79 apiece…………………………………….Full Article: Source


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