27.02.2013 - GIC raises US$1.25bln by selling shares in Global Logistic Properties
The Government of Singapore Investment Corp (GIC) has raised US$1.25 billion by selling about 596 million shares in warehouse operator Global Logistic Properties (GLP). GIC sold the shares at S$2.60 each, which is a 4.8 per cent discount to Monday's closing price. Following the share sale, it now holds a 37 per cent stake in GLP, down from 49 per cent.........................................Full Article: Source
Print