Topic
15 stories in this topic
The blue chip-focused Singapore sovereign wealth fund has invested in a crypto bank, in a signal that digital assets are here to stay. In an announcement on its blog last week, U.S.-based digital asset bank Anchorage said it raised $80 million in a Series C…
A GIC-led investment group has purchased a minority shareholding in a Vingroup JSC retail business for US$500 million. The Vietnamese business, VCM Services and Trading Development JSC, is a recent venture set up to oversee the group’s VinMart-branded…
Singtel Group has revealed plans to subscribe to Bharti Airtel’s 250 billion rupee ($3.57 billion) right issue, taking up its full entitlement for its direct stake of 15%. Airtel will take up 170 million new shares at an issue price of 220 rupees per share…
Fast-growing Chinese cafe chain Luckin Coffee has raised US$200 million in its latest funding round, effectively valuing the company at a stunning $2.2 billion. That’s up to $700 million more than its value was estimated just one month ago when the quest for…
Singapore’s sovereign wealth fund GIC has injected KW100 billion (US$91 million) into Korean retail major E-Land Group. The round was part of a KW200 billion investment led by Hong Kong-based Anchor Equity Partners. With interests in malls, restaurants, theme…
GIC is investing 3.5 trillion rupiah (S$370 million) in Indonesian cinema operator PT Nusantara Sejahtera Raya (NSR) as the Singapore sovereign wealth fund hopes to capture a slice of Indonesia’s economic growth. The investment is intended to help NSR further…
It invested $192.4m in the 28-floor retail complex. Singapore’s state-owned investment firm GIC invested $192.4m (USD 136m) in G-Square City Retail Complex in Seoul Korea. Tha complex, which was completed in 2012, spans 238,248 sqm across 8 floors. The…
Chinese internet giant Alibaba has been discussing the acquisition of Indian online marketplace ShopClues, which is valued at more than US$1 billion. Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with larger rival ShopClues,…
Singapore sovereign wealth fund GIC has teamed up with Indonesia’s PT Mega Manunggal Property (MMP) to develop a portfolio of quality logistics warehouses over the next three years. The warehouses will boast nearly 500,000 sq m of net leasable area in both…
Singapore’s sovereign wealth fund GIC and Korean department store Shinsegae are partnering to develop a prime retail mall in the Incheon Free Economic Zone (IFEZ). Working through affiliates, the companies have signed a US$197 million sale-and-purchase…
Philippines conglomerate Century Pacific Group has partnered with Singapore’s sovereign investor GIC to buy the parent of Shakey’s Philippines, the pizza restaurant chain. The tie-up will acquire majority of of the business from the Prieto family, which will…
Thanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses. For its latest financial year, it had a net profit of Rmb14 million (US$2.2 million), reversing from a…
GIC has entered into a joint venture with United States-listed real estate firm Macerich to invest in a 40 per cent interest in five retail properties in the world’s largest economy, the Singapore sovereign fund said yesterday. When contacted by Today, GIC…
Dutch civil service pension fund subsidiary APG has invested euro 311 million in Chinese language mall proprietor and operator Chongbang. Canadian property investor Ivanhoe Cambridge has taken a euro 445 million stake within the Chinese language enterprise on…
Singapore funding firm GIC has partnered with the Canada Pension Plan Funding Board to purchase the D-Dice Retail Mall in Seoul, South Korea from Daesung Industries. The 2 buyers has paid US$263 million for the mall. GIC and CPPIB will every personal an equal…
