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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

CIC to buy $25 mln worth of Sunac IPO shares-source

Posted on 22 September 2010

From Reuters: Chinese property firm Sunac China Holding Ltd has secured China Investment Corp (CIC), China’s $300 billion sovereign wealth fund, in its up to $385 million Hong Kong IPO, a source told Reuters on Tuesday.
China’s CIC will buy $25 million worth of shares from the institutional tranche of Sunac’s IPO, said the source, who has direct knowledge of the deal but declined to be named due to the sensitive nature of the matter……………………………………….Full Article: Source


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