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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Singapore’s GIC buys 5.5 pct stake in China Kanghui

Posted on 24 August 2010

From Reuters: Singapore sovereign wealth fund GIC has bought 1.2 million American Depositary Shares or a 5.5 percent stake in medical device-maker China Kanghui Holdings KH.N, according to a Securities and Exchange Commission filing.

The filing did not give the price of the purchase, but GIC’s stake is currently valued at $15 million based on the firm’s market value of $278.8 million…………………………………….Full Article: Source


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