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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek sells entire Kaisa Group stake

Posted on 13 May 2011

Singapore state investment company Temasek Holdings has sold its entire 8% stake in Kaisa Group Holdings Ltd., in a divestment that will raise about US$150 million, a person familiar with the transaction said on Thursday, prompting a sharp decline in the shares of the Chinese property company.
Temasek, which bought the stake in 2007, sold its holding at a 10% discount to Wednesday’s closing price of HK$3.39 ($0.44), the person said……………………………………….Full Article: Source


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