GIC Singapore

IPO

GIC plans to invest over US$1 bil in Ant's IPO

Singapore’s sovereign wealth fund GIC Pte plans to invest more than US$1 billion ($1.36 billion) in Ant Group’s mega initial public offering as early investors look for a bigger slice of the Chines

Global Economy

Here’s what investors with US$3.4 trillion are buying during Covid

Oil pipelines, hotels, convenience stores and automaker bonds are among the assets being bought by some of the world’s biggest asset managers as they look for value in a world thrown into turmoil b

Medtech

GIC joins consortium to invest US$418 mil in biopharmaceutical company I-MAB

Singapore’s sovereign wealth fund, GIC, has joined a consortium of investors to invest US$418 million ($570.2 million), in clinical stage biopharmaceutical company I-MAB.

Results

Yanlord reports higher revenue but lower profit for 1HFY20

China-based developer Yanlord Land Group has reported higher revenue for 1HFY20. However, because it was selling a less profitable mix of projects, earnings for the same period dropped instead.

Global Economy

Briefs

Quoteworthy: "Lately US law enforcement has been busy hyping up the so-called China infiltration and espionage issues to the point of paranoia."

Singapore economy

GIC reports annualised real return rate of 2.7% for 2020, down from 3.4% in 2019

Singapore's sovereign wealth fund GIC has posted a lower 20-year annualised real rate of return of 2.7% for the year ended March 31 2020, down from 3.4% in the previous financial year.

OIL & GAS

Singapore's GIC part of consortium to buy Abu Dhabi's stake in natural-gas pipelines for $14.08 bil

(June 23): Abu Dhabi sold a US$10.1 billion (S$14.08 billion) stake in its natural-gas pipelines to a consortium led by Global Infrastructure Partners, in the biggest infrastructure acquisition so

M&A

GIC in talks to acquire stake in StorageMart

(June 3): Singaporean sovereign-wealth fund GIC Pte is in talks to acquire a stake in StorageMart, which describes itself as the largest privately owned storage company in the world, according to p

Company in the news

GIC and Carlyle sued by Qatari fund on shattered American Express deal

(May 13): Carlyle Group Inc. and Singapore sovereign-wealth fund GIC Pte.

Singapore Budget

Singapore's GIC buys into Yoma Bank, adding to Myanmar deals

SINGAPORE (Jan 30): Singapore’s sovereign wealth firm GIC Pte has bought a substantial stake in Myanmar’s Yoma Bank Ltd.

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