17.05.2011 - GIC to buy US$30mln of shares in Nobao Renewable Energy's US$300mln US IPO
Sovereign wealth fund Government of Singapore Investment Corp. is buying US$30 million worth of shares in the up to US$300 million initial public offering of Nobao Renewable Energy Holdings Ltd., a person familiar with the deal said Monday. The Chinese renewable-energy company filed with the U.S. Securities & Exchange Commission for a sale of its American depositary shares earlier this month, in a second attempt to tap the U.S. public market after withdrawing an earlier deal last June due to unfavorable market conditions..............................................Full Article: Source
Print