China’s sovereign wealth fund agreed to pay $40 million for a stake of about 4.6 percent in iKang Healthcare Group Inc., the Beijing-based provider of preventive care that filed earlier this month for an initial public offering in the U.S.
China Investment Corp., which had about $575 billion in assets as of January, will buy iKang shares at the IPO price, according to documents filed yesterday with the U.S. Securities and Exchange Commission.......................................Full Article: Source
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