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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC’s interest in Parkson signals potential value

Posted on 09 September 2011

The recent growing interest in Parkson Holdings Bhd from the Government of Singapore Investment Corp Pte Ltd (GIC) could spell good things for the former’s shareholders, in light of the proposed listing of its Asean retail arm, Parkson Retail Asia Pte Ltd (Parkson Asia), said market observers.
GIC had been actively purchasing shares of Parkson Holdings, increasing its interests to 55.72 million shares or 5.09% as of Monday, after emerging as a substantial shareholder with a 5% stake or 55.03 million shares on Aug 24, just eight days after Parkson Holdings announced its intention to list Parkson Asia……………………………………….Full Article: Source


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