17.05.2010 - Asian SWFs buying into Chesapeake
From Seekingalpha.com: One of Asia’s most active sovereign wealth funds (SWF) is investing up to $1 billion in the US company that helped pioneer production of shale gas, Chesapeake Energy (CHK). Temasek Holding, a $172-billion fund owned by the government of Singapore, will buy $500 million in preferred shares in Chesapeake, and has an option with Hopu Investment Management, a private equity firm in Beijing, to place another $500 million in Chesapeake preferred shares. Hopu is also acquiring $100 million of preferred shares.............................................Full Article: Source
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