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Sovereign Wealth Funds Briefing - Categorized | Investment, Trends

CIC, Temasek may buy 39pct stake in Shanghai Jahwa

Posted on 02 March 2011

From Bloomberg: Sovereign wealth fund China Investment Corp. and Singapore state-owned investment company Temasek Holdings Pte. may bid for a 39 percent stake in Chinese cosmetics maker Shanghai Jahwa United Co., the Financial Times reported without citing anyone.

Shanghai Jahwa is also speaking with private bidders, the newspaper said today, citing an interview with Chairman Ge Wenyao. He declined to identify them. Ping An Insurance Group Co. also may bid for the stake from the Shanghai government, the report said without citing anyone…………………………………….Full Article: Source

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