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

CIC, China Life, Franklin Templeton invest in Prince Frog via IPO

Posted on 08 July 2011

Sovereign wealth fund China Investment Corp, together with China Life Insurance (Group) Co. and Franklin Templeton Investment Corp., invested a combined USD28 million in Prince Frog International Holdings Ltd.’s USD100 million initial public offering, a person familiar with the deal said July 7.
Prince Frog, which sells childcare products under the Frog Prince brand, sold a total of 300 million shares at HKD2.60 each, which is closer to the bottom-end of the indicative price range of HKD2.51 to HKD3.76……………………………………….Full Article: Source


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