GIC Expands Ownership in China’s Franshion Properties

Posted on 06/09/2015

Singapore’s GIC Private Limited invested around HK$ 1.16 billion in new shares of Franshion Properties (China) Limited. The placed shares represent approximately 17.64% of the existing issued share capital. Franshion Properties will receive proceeds of HK$ 4.35 billion. Other investors in the placement were New China Life Insurance Company Ltd. (Central Huijin owns 31.34% of […]