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Consortium including Temasek Holdings to Buy Asiainfo-Linkage

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asiainfoAn investment consortium led by CITIC Capital Partners is going to buy Asiainfo-Linkage Inc. for about US$ 890 million. U.S.-listed Asiainfo-Linkage Inc provides software to telecommunication companies with big clients such as China Unicom, China Telecom and China Mobile. Using Ellington Investments Pte. Ltd., Singapore’s Temasek Holdings is part of the consortium of investors. Other consortium members include China Broadband Capital Partners II, L.P. and Edward Tian, co-founder and a significant stockholder of the Asiainfo-Linkage Inc.

The consortium has agreed to pay US$ 12 per share for the company.

Morgan Stanley was the lead financial advisor for CITIC Capital. Other advisors for buyers include Nomura International, ICBC International Capital Ltd and China Renaissance Holdings Ltd.

Bank of Taiwan, Cathay United Bank, Co., LTD., ICBC International Capital Limited, Maybank Investment Bank Berhad and Nomura International (Hong Kong) Limited have agreed as mandated lead arrangers to arrange a debt facility in the aggregate amount of US$330 million to provide debt financing for the acquisition.

Chinese SAFE Investment Company Sells Off Stake in Ropemaker Place

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Singapore-listed property company Ho Bee Land, acquired a prime office at 25 Ropemaker Place, EC2, located in the City of London, for £650 million. The property went up for sale in December 2017.[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Norway SWF Adds to Existing Investment in Central London

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On June 15, 2018, Norges Bank Real Estate Management, the manager of Norway Government Pension Fund Global, acquired 25 percent of a long leasehold interest in 30 Warwick Street in central London, in joint venture with The Crown Estate. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Crown Property Bureau Moves Assets to Thailand King Under 2017 Law

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In December 2016, Crown Prince Maha Vajiralongkorn became King of Thailand, succeeding his father King Bhumibol Adulyadej who passed away in October 2016. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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