| Intime Department Store (Group) Co Ltd said the Government of Singapore Investment Corporation Pte Ltd (GIC) would buy a total 134.2 million new and existing shares in the firm, raising its stake to 9.08 percent from 2.44 percent.
In a filing to the Hong Kong bourse late on Tuesday, Intime said it would sell 76.7 million new shares to GIC at HK$9.9 per share, raising HK$747 million ($95.9 million) to fund expansion of its department store network in China............................................Full Article: Source
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