Government of Singapore Investment Corp. said it more than doubled its stake in China International Capital Corp. , making it the second-largest shareholder of the first Sino-foreign investment bank.
The following companies may have unusual price changes in India trading . Stock symbols are in parentheses and share prices are as of the last close .
Government of Singapore Investment Corp. faces a 6.7 billion Swiss franc ($7.4 billion) loss as the biggest investor of UBS AG, topping unprofitable banking investments by the city’s sovereign wealth firms since 2007.
China Modern Dairy Holdings Ltd., which operates farms and produces raw milk, may raise as much as HK$4.43 billion ($571 million) in a Hong Kong initial public offering, a sales document shows.
"GIC does not comment on speculative reports."
- Jennifer Lewis on Feb 17, 2009