GIC Steps Up Ownership in Qingdao Haier, While KKR Sells Off

Posted on 02/09/2018

On February 8, 2017, Singapore’s GIC Private Limited acquired A-shares in white goods manufacturer Qingdao Haier Co., Ltd., moving its ownership up to 4.8%, or 292,824,509 A-shares. KKR Home Investment S.à r.l., a unit of private equity giant KKR, sold 121.9 million A-shares of the company at an estimated price of 18.09 RMB per share, […]