| China Investment Corporation is selling 1.2 billion shares of GCL Poly Energy (3800) for about HK$3.12 billion. GCL Poly Energy announced yesterday that it was informed by Chengdong, a subsidiary of CIC, that it has entered into a placing agreement.
The placement price is HK$2.6, 7.8 percent discount to yesterday's closing price of HK$2.82. Chengdong will hold 4.57 percent stake of GCL after the placement. It is the second time for the sovereign wealth fund to offload the solar power producer since last June...................................Full Article: Source
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