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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Market

CIC to buy US$25 mln worth of shares in Sunac’s HK IPO

Posted on 27 September 2010

From China Knowledge: China Investment Corp, the country’s US$300-billion sovereign wealth fund, will subscribe US$25 million worth of shares in the initial public offering of Sunac China Holding Ltd, a Chinese property firm, sources reported.
Sunac China plans to issue up to US$385 million in IPO on the Hong Kong Stock Exchange. It will raise up to HK$2.99 billion through issuing as many as 750 million shares……………………………………….Full Article: Source


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