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SWFI First Read, June 16, 2017

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ADIA Expresses Interest in Cube Highways and Infrastructure

The Abu Dhabi Investment Authority (ADIA) has expressed some interest in possibly investing US$ 200 million in Cube Highways and Infrastructure Pte Ltd, an Indian toll roads platform. Cube Highways and Infrastructure was formed by the International Finance Corporation (IFC) and I Squared Capital. Cube Highways and Infrastructure owns, manages and operates four toll road projects in India, including toll roads through: Jaipur-Mahua Tollway Private Ltd, Mahua Bharatpur Expressways Ltd, Western UP Tollway Ltd and Andhra Pradesh Expressways Ltd.

Temasek Fund Participates in HRnetGroup IPO

SeaTown Master Fund, a fund managed by SeaTown Holdings (owned by Temasek Holdings), is investing in 3,000,000 shares in the initial public offering (IPO) of HRnetGroup Limied, Singapore’s largest recruitment firm. HRnetGroup is going public on the Singapore Exchange. The offering price is 0.90 SGD per share.

Deutsche Bank AG, Singapore Branch is the sole issue manager to the offering.

The financial advisors for the IPO are Credit Suisse (Singapore) Limited, Deutsche Bank AG – Singapore Branch, DBS Bank Ltd. and Nomura Singapore Limited.

ADIA Anchors Eris Lifesciences

The Abu Dhabi Investment Authority (ADIA) was an anchor investor in Eris Lifesciences Ltd. ADIA bought about 1.17 million shares at Rs 603 per share. Axis Capital, Citibank and Credit Suisse are the financial advisers for the IPO.

QIA Eyes London’s Grosvenor House Hotel

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Youtube is Crashing

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Youtube, a video service of Google, is crashing. Institutional investors are major investors in Alphabet, the parent company of Google.

At 6:41 PM on October 16, 2018, Team YouTube tweeted, “Thanks for your reports about YouTube, YouTube TV and YouTube Music access issues. We’re working on resolving this and will let you know once fixed. We apologize for any inconvenience this may cause and will keep you updated.”

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Investors Eye Tencent’s Next Moves

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Formed in Shenzhen in 1998, Chinese tech giant Tencent Holdings Limited is the largest gaming company in the world and the largest gaming market is in China. In August 2018, China’s Education Ministry disclosed its monitoring how many new games are coming online. Tencent needs approval from the Chinese government to publish games. In 2017, almost 9,000 games were approved in China compared to only 1,931 in 2018. Chinese President Xi Jinping is keen on combating shortsightedness in children from the overuse of video games.

Anime

Tencent will inject US$ $317.6 million into Chinese streaming site Bilibili in return for 12.3 % equity in the company. Bilibili is a video sharing site known for streaming anime, comics, and games. Tencent’s investment follows previous funding rounds from Tiger Global Management, Wells Fargo, JPMorgan Chase, BlackRock, and Alkeon Capital Management. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Ireland Strategic Investment Fund Signs MoU with IFC

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The International Finance Corporation (IFC) and the Ireland Strategic Investment Fund (ISIF) inked a Memorandum of Understanding (MoU) that will initially focus on investment opportunities in the food and agriculture sector, given its strength and importance for the Irish economy. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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