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Sovereign Wealth Funds Briefing - Categorized | Market, Research

Why Prudential gambles on Asian growth

Posted on 25 May 2010

From BBC: Prudential launches its dual primary listing in Hong Kong and secondary listing in Singapore this Tuesday, paving the way for more Asian investors to buy its shares. The region’s large sovereign wealth funds, including Singapore’s government-controlled investment arm GIC, are said to be interested.
Asian investors will then have until 4 June to decide whether they want to participate in the rights issue, in which the insurer will make a discount offer of 11 new shares for every two that they own at £1. 04 ($2.09) each……………………………………….Full Article: Source


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