Connect with us

Temasek Cashes in on New China Life Stock Sale

Published

on

Singapore’s Temasek Holdings last Thursday sold its position in New China Life, China’s third largest insurer. The Singapore sovereign wealth fund put forth a 78 million block trade after the market close. Singapore sovereign wealth centers in and out of China’s equity markets. New China Life’s fiscal year 2013 results displayed a 6.1% growth in gross written premiums to a translated amount of US$ 16.72 billion.

Goldman Sachs and UBS hastily marketed the New China Life deal at HK$ 27.30 to HK$ 27.85 per share. Overall, the US$ 276 million deal was a 5.5% discount to the trading stock – attracting interest from a number of large accounts.

GIC Raises Stake in China Oilfield Services

Published

on

On November 14 2018, Singapore’s GIC Private Limited acquired 2,982,000 H- shares in China Oilfield Services Ltd at an average price of HK$ 6.9883. GIC increased its ownership in China Oilfield Services to 9.07% from 8.91%. China Oilfield Services is an oilfield services company. It is a majority owned subsidiary of Chinese state owned company CNOOC Group.

Continue Reading

Carlyle Group Completes Deal on 19.9 Percent Stake in Fortitude Re

Published

on

More private equity firms are scooping up reinsurance assets. The Carlyle Group finalized its acquisition of a 19.9% stake in Fortitude Group Holdings, LLC, whose group companies operate as Fortitude Re (formerly DSA Re) from American International Group, Inc. (AIG) The transaction was first announced on August 1, 2018. Part of this deal included Fortitude Re inking an investment management agreement (IMA) whereby US$ 6 billion of assets will be committed into a variety of Carlyle investment strategies.

Continue Reading

RDIF, Indorama Corporation, and Yadran Oil Ink Joint Investment in Tartarstan

Published

on

The Russian Direct Investment Fund (RDIF), and Singapore-based Indorama Corporation Pte Ltd, a chemical corporation in Asia, and JSC Yadran-Oil, the company authorized by the Government of the Republic of Tatarstan, have agreed to jointly implement investment projects in Russia. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

Continue Reading

Popular

© 2008-2018 Sovereign Wealth Fund Institute. All Rights Reserved. Sovereign Wealth Fund Institute ® and SWFI® are registered trademarks of the Sovereign Wealth Fund Institute. Other third-party content, logos and trademarks are owned by their perspective entities and used for informational purposes only. No affiliation or endorsement, express or implied, is provided by their use. All material subject to strictly enforced copyright laws. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. SWFI facilitates sovereign fund, pension, endowment, superannuation fund and central bank events around the world. SWFI is a minority-owned organization.