Singapore GIC to buy 5pc Sunway property

Posted by property | Posted in Real Estate | Posted on 31-05-2010-05-2008

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Singapore GIC to buy 5pc Sunway property
Sunway City Bhd, a Malaysian developer, said it agreed to sell a 5 per cent stake in a new listed property trust to the Government of Singapore Investment Corporation, or GIC.
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GIC to buy 5pc of Sunway’s property trust
Sunway City Bhd, a Malaysian developer, said it agreed to sell a 5 per cent stake in a new listed property trust to the Government of Singapore Investment Corporation, or GIC. GIC, a state fund, will buy 134 million units in the trust which will be listed on the Kuala Lumpur stock exchange, Sunway said in a statement today. — Bloomberg
Read more on Business Times

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