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

CIC, Temasek said to be among key investors in Huaneng offering

Posted on 27 May 2011

China Investment Corp. and Temasek Holdings Pte are among key investors who plan to buy a combined $415 million of shares in Huaneng Renewables Corp.’s initial public offering, two people with knowledge of the matter said.
The Chinese sovereign wealth fund has agreed to subscribe for $60 million of shares, while Temasek, Singapore’s state investment company, plans to invest $50 million, said the people, who declined to be identified as the process is private……………………………………….Full Article: Source


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