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SWFI First Read, March 9, 2018

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IMF Prods Thailand on Forming a Sovereign Wealth Fund

The International Monetary Fund (IMF) hinted that Thailand should make a sovereign wealth fund. This was revealed by Thai Deputy Prime Minister Somkid Jatusripitak. Thailand has accumulated a large pool of large foreign reserves. Thailand has already heavily studied the option of having a sovereign wealth fund.

Mubadala Could be Selling EMI Music Publishing

Mubadala Investment Company is seeking interested parties for its stake in EMI Music Publishing. Tokyo-based Sony Corporation is in talks with Mubadala on the potential deal. Sony already owns roughly 40% of EMI.

Dual Class Share Companies May Have to Disclose More to SEC

The Securities and Exchange Commission could mandate more disclosure from listed companies with dual-class shares. The SEC Investor Advisory Committee unanimously approved a recommendation to require more disclosure – requesting the commission’s corporate finance unit to “to respond to the increase in dual-class and other entrenching governance structures by continuing to scrutinize disclosure documents filed by companies with such structures.”

SWFI First Read, September 19, 2018

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QIA Eyes Investment in Chinese Lender Lufax

The Qatar Investment Authority (QIA) is in talks about a possible investment into Shanghai-based Lufax, one of China’s largest online lenders. The seller of the possible stake is China’s Ping An Insurance (Group) Co. Ltd. Lufax’s official name is Shanghai Lujiazui International Financial Asset Exchange Co. Ltd.

Wealth Funds Back Hotpot Giant

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Japanese Government Capital Provides Initial Life for Texas Bullet Train

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Dallas-based Texas Central Partners, LLC is the developer of a proposed high-speed rail system, dubbed the Texas Bullet Train, between Dallas and Houston. Project costs are estimated between US$ 12 billion to US$ 15 billion. The developer secured US$ 300 million in project loans from Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN) and the Japan Bank for International Cooperation (JBIC). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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DOJ Investing Tesla Over Musk Comments

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The U.S. Department of Justice (DOJ) is conducting a fraud investigation over Tesla as its CEO Elon Musk made public statements on twitter. This is a criminal probe. In addition, earlier, SWFI reported the U.S. Securities and Exchange Commission (SEC) is conducting a civil inquiry into Elon Musk regarding his statements.

This all surrounds Musk tweeting in August that he was thinking of taking Tesla private and had “funding secured” for the transaction. Both government authorities are seeing if Musk misled investors and violated federal securities laws with his public statements.

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