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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

China fund raises finance to match Liverpool asking price

Posted on 05 August 2010

From Guardian: Sources have confirmed that the China Investment Corporation, the sovereign wealth fund to the world’s most populous nation, is the organisation being fronted by Kenny Huang, who admitted interest in bidding for Liverpool.
In a series of trades since 19 July, CIC has sold $558m of shares in Morgan Stanley, equating to £351.4m. That sum is equivalent to Liverpool’s debt to the nearest decimal place, and is exactly the number insiders say has been quoted to interested parties as the sale price……………………………………….Full Article: Source

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