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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Singapore GIC to invest $85m in Bloomage BioTechnology

Posted on 05 November 2015

Singapore sovereign wealth fund GIC will invest HK$659 million ($85.03 million, S$119 million) in Bloomage BioTechnology Corp as it bets on China’s leading medical cosmetic products and services firm. The investment includes HK$465 million in convertible bonds and HK$194 million in new shares, the Hong Kong-listed company said in a statement.
GIC, which according to the Sovereign Wealth Fund Institute is the world’s twelfth biggest sovereign wealth fund with assets estimated at S$344 billion, has said in the past it is keen on investing in technology companies in markets like China and India………………………………………..Full Article: Source


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