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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Market

China’s Sun Art raises US$1.1bln in Hong Kong IPO

Posted on 11 July 2011

China’s biggest hypermarket operator Sun Art Retail Group raised US$1.1bil after pricing its Hong Kong initial public offering (IPO) at the top of an indicative range as investors jostled for a piece of China’s booming consumer market.
The IPO attracted cornerstone investors who back many Asian listings with commitments to buy large, guaranteed stakes such as sovereign wealth fund Government of Singapore Investment Corp and Malaysian state investor Khazanah Nasional Bhd……………………………………….Full Article: Source


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