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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC, Temasek to buy SouthGobi Energy shares in IPO

Posted on 15 January 2010

From Bloomberg: China Investment Corp., the nation’s sovereign wealth fund, and Temasek Holdings Pte will buy shares in SouthGobi Energy Resources Ltd.’s initial public offering in Hong Kong.

CIC and the Singapore government-owned investment company will each invest $50 million in the share sale, Chief Executive Officer Alexander Molyneux said on a video link from London at a press briefing in the territory today…………………………………Full Article: Source

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