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Sovereign Wealth Funds Briefing - Categorized | Market

Sunway shares down on stake sale by GIC

Posted on 06 November 2014

Sunway Bhd shares worth RM482mil that were owned by GIC Pte Ltd have been traded in an off-market deal. According to stock market data, a total of 150.6 million Sunway shares changed hands yesterday at RM3.20 each.
Sunway share price closed at RM3.23, a 12 sen or 3.6% drop, with 1.67 million shares traded. Reuters reported that GIC, Singapore’s sovereign wealth fund, which owns a 8.7% block in Sunway, had hired CIMB and JP Morgan as the joint bookrunners for the sale of Sunway shares………………………………………..Full Article: Source


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