| From Thedeal.com: Controlled by the Singapore sovereign wealth fund Government of Singapore Investment Corp. Pte. Ltd., known as GIC, Global Logistic owns warehouses and industrial parks in China and Japan. According to Chinese press reports, both China's national pension fund and its sovereign wealth fund invested in the IPO. GIC continues to hold 43.2%.
The attraction of emerging-markets companies' listing on New York exchanges has faded over time. Valuations tend to be higher at home than offshore..............................................Full Article: Source
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