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

GIC to buy US$30mln of shares in Nobao Renewable Energy’s US$300mln US IPO

Posted on 17 May 2011

Sovereign wealth fund Government of Singapore Investment Corp. is buying US$30 million worth of shares in the up to US$300 million initial public offering of Nobao Renewable Energy Holdings Ltd., a person familiar with the deal said Monday.
The Chinese renewable-energy company filed with the U.S. Securities & Exchange Commission for a sale of its American depositary shares earlier this month, in a second attempt to tap the U.S. public market after withdrawing an earlier deal last June due to unfavorable market conditions……………………………………….Full Article: Source


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