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Sovereign Wealth Funds Briefing - Categorized | Investment

Sun Art Retail cornerstone investors include sovereign wealth fund

Posted on 28 June 2011

Chinese hypermarket operator Sun Art Retail Group Ltd., which will launch book building for institutional investors Tuesday, has locked in cornerstone investors including a sovereign wealth fund for its around US$1 billion Hong Kong initial public offering, two people familiar with the situation said Monday.
The cornerstone investments account for around 40% of the offer, the people said, adding the company plans to sell 1.14 billion shares. They declined to provide the indicative price range or other details of the deal………………………………………..Full Article: Source


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