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China’s NSSF Buys Private Placement Shares in GD Power Development Co Ltd

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China’s National Social Security Fund (NSSF) will purchase 2 billion yuan (US$ 317.98 million) worth of A shares of common stock in GD Power Development Co Ltd in a private placement. The NSSF will purchase 50% of the company’s newly issued shares.

The NSSF will have a 5.32% stake in the company, allowing the NSSF to be the number two shareholder.

The NSSF plans to hold the shares for at least three years. GD Power is one of China’s big five energy firms.

Revenue Figures for GD Power Development Co., LTD
in Million yuan

Fiscal Period 9/30/2012 6/30/2012 3/31/2012 12/31/2011 9/30/2011
Total Revenue 14,085 13,843 12,858 14,187 12,669
Cost of Revenue 10,957 11,119 10,913 12,297 10,585
Operating Income 1,811 1,349 558 1,814 1,278

Source: Filings

Mauritius Aims to Sell Citizenship and Passports to Bolster National Wealth Fund

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The island country of Mauritius plans to offer foreigners a chance to obtain country citizenship in exchange for a non-refundable contribution of US$ 1 million to the national sovereign wealth fund. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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CapitaLand Aims to be a Real Estate Funding Machine

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CapitaLand Investment Management, a real estate investment management arm of Singapore-based CapitaLand, hired Caleb Shen as managing director for fund management. CapitaLand is keen on growing its real estate fund management business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Treasurer Perrottet Reveals the NSW Generations Fund

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New South Wales wants its own Future Fund.

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