| Singapore's sovereign wealth fund has disclosed it is invested in blue-chip oil producer China Petroleum & Chemical Corp., or Sinopec, after its shareholding rose to a level requiring public disclosure.
The Government of Singapore Investment Corp., which, according to analysts, has a US$300 billion portfolio under management, raised its stake in the Hong Kong-listed shares of Sinopec to 5.00% from 4.99% on Oct. 31, according to a disclosure to the city's stock exchange published Thursday. The exchange requires investors to reveal stakes in listed companies of 5% or more...............................................Full Article: Source |