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Retail Asia04/03/2021

The blue chip-focused Singapore sovereign wealth fund has invested in a crypto bank, in a signal that digital assets are here to stay. In an announcement on its blog last week, U.S.-based digital asset bank Anchorage said it raised $80 million in a Series C funding round led by GIC. Joining the sovereign wealth fund […]

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Retail Asia30/09/2019

Vincom_Village_Gala_Concert_-_danh_tang_khach_VIP_Vingroup_1-1024x682.jpg

A GIC-led investment group has purchased a minority shareholding in a Vingroup JSC retail business for US$500 million. The Vietnamese business, VCM Services and Trading Development JSC, is a recent venture set up to oversee the group’s VinMart-branded supermarket and convenience store chains. A statement by the Singapore sovereign wealth fund released last week stated […]

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Retail Asia14/03/2019

Singtel Group has revealed plans to subscribe to Bharti Airtel’s 250 billion rupee ($3.57 billion) right issue, taking up its full entitlement for its direct stake of 15%. Airtel will take up 170 million new shares at an issue price of 220 rupees per share for a total of 37.5 billion rupees ($535.7 million). Airtel […]

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Retail Asia18/12/2018

Fast-growing Chinese cafe chain Luckin Coffee has raised US$200 million in its latest funding round, effectively valuing the company at a stunning $2.2 billion. That’s up to $700 million more than its value was estimated just one month ago when the quest for funding was announced. Launched only in January, the company had already opened more […]

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Retail Asia07/02/2018

Singapore’s sovereign wealth fund GIC has injected KW100 billion (US$91 million) into Korean retail major E-Land Group. The round was part of a KW200 billion investment led by Hong Kong-based Anchor Equity Partners. With interests in malls, restaurants, theme parks, hotels and construction businesses, E-Land has built its cornerstone on fashion apparel. This latest infusion […]

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Retail Asia07/12/2016

GIC is investing 3.5 trillion rupiah (S$370 million) in Indonesian cinema operator PT Nusantara Sejahtera Raya (NSR) as the Singapore sovereign wealth fund hopes to capture a slice of Indonesia’s economic growth. The investment is intended to help NSR further anchor its market position and to prepare for the next stage of growth, GIC and […]

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Retail Asia22/11/2016

It invested $192.4m in the 28-floor retail complex. Singapore’s state-owned investment firm GIC invested $192.4m (USD 136m) in G-Square City Retail Complex in Seoul Korea. Tha complex, which was completed in 2012, spans 238,248 sqm across 8 floors. The building is well-situated in a prime location in the centre of Anyang City, a metropolitan area […]

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Retail Asia23/08/2016

Chinese internet giant Alibaba has been discussing the acquisition of Indian online marketplace ShopClues, which is valued at more than US$1 billion. Alibaba wants to merge the marketplace of Paytm, in which it has a stake, with larger rival ShopClues, reports The Times of India. The newspaper says Alibaba has several acquisition targets as it aims […]

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Retail Asia20/04/2016

Singapore sovereign wealth fund GIC has teamed up with Indonesia’s PT Mega Manunggal Property (MMP) to develop a portfolio of quality logistics warehouses over the next three years. The warehouses will boast nearly 500,000 sq m of net leasable area in both Greater Jakarta and Greater Surabaya in Indonesia, the two firms said in a […]

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Retail Asia20/04/2016

Singapore’s sovereign wealth fund GIC and Korean department store Shinsegae are partnering to develop a prime retail mall in the Incheon Free Economic Zone (IFEZ). Working through affiliates, the companies have signed a US$197 million sale-and-purchase agreement for 59,730 sqm of land for the Incheon mall in the international business district of Songdo, close to […]

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Retail Asia07/04/2016

Philippines conglomerate Century Pacific Group has partnered with Singapore’s sovereign investor GIC to buy the parent of Shakey’s Philippines, the pizza restaurant chain. The tie-up will acquire majority of of the business from the Prieto family, which will continue to hold a minority stake in International Family Food Services (IFFSI), the owner and operator of […]

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Retail Asia30/03/2016

Thanks to a health boom on the mainland, Chinese sportswear brand Li Ning has skipped out of the red to turn a modest profit after three years of losses. For its latest financial year, it had a net profit of Rmb14 million (US$2.2 million), reversing from a Rmb781 million loss in 2014. Revenue grew 17 […]

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Retail Asia07/10/2015

GIC has entered into a joint venture with United States-listed real estate firm Macerich to invest in a 40 per cent interest in five retail properties in the world’s largest economy, the Singapore sovereign fund said yesterday. When contacted by Today, GIC declined to disclose how much it would pay for the stakes. Macerich had […]

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Retail Asia30/06/2015

Dutch civil service pension fund subsidiary APG has invested euro 311 million in Chinese language mall proprietor and operator Chongbang. Canadian property investor Ivanhoe Cambridge has taken a euro 445 million stake within the Chinese language enterprise on the similar time. The 2 corporations will be a part of Singapore sovereign wealth fund GIC on […]

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Retail Asia21/05/2015

Singapore funding firm GIC has partnered with the Canada Pension Plan Funding Board to purchase the D-Dice Retail Mall in Seoul, South Korea from Daesung Industries. The 2 buyers has paid US$263 million for the mall. GIC and CPPIB will every personal an equal half share in D-Dice, a 4 yr previous centre described as […]

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