22 Jan '12, 4am

[TOC] Former VP of GIC is Non-Executive Director of firm GIC invests S$38 million in

[TOC] Former VP of GIC is Non-Executive Director of firm GIC invests S$38 million in

According to Today newspaper the Government of Singapore Investment Corp (GIC) will invest around 189 million yuan (S$38 million) in Li Ning a Chinese sportswear company through a convertible bond. GIC will own around 8 per cent of the sportswear maker if the bond is fully converted and the five-year bonds will pay an annual interest of 4 per cent, convertible at an initial price of HK$7.74 a share, the newspaper reported. (source: TODAY ) Li Ning is one of the sports apparel maker identified by Greanpeace in their report ‘Dirty Laundry 2’ (see HERE ) as one of the companies in China which contributes to the pollution of the Yangtze and Pearl Rivers. Although Li Ning offered to reduce its use of toxic chemicals it is insufficient laments Greenpeace, saying they still need more concrete details from Li Ning about how it will back up its promise to become more ‘environmental...

Full article: http://theonlinecitizen.com/2012/01/former-vp-of-gic-is-n...

Tweets

GIC 'selling $895m in private equity holdings' ...

straitstimes.com 22 Jan '12, 1am

The Government of Singapore Investment Corporation (GIC) is seeking to sell about US$700 million (S$895 million) in privat...

California LEED Consulting Firm Files Unfair Co...

greenrealestatelaw.com 21 Jan '12, 1pm

Of particular interest, the complaint also alleges that the defendants misappropriated the plaintiff’s proprietary “LEED S...