Alibaba Shares Singapore Logistics Company
National Social Security Fund’s name suddenly jump Monetary Authority of Singapore is now published on the website of a prospectus.
Cornerstone of the National Social Security Fund to participate as investors in Government of Singapore Investment Corporation (GIC) owned a company called ProLogis (Global Logistic Properties) of the IPO project. ProLogis company registered in Singapore.
Reporter from the Monetary Authority of Singapore ProLogis published online prospectus disclosure of information, noted that the National Social Security Fund is entrusted to Boshi Fund ProLogis shares (Bosera Asset Management) conducted. The latter from June 2003 officially part of the National Social Security Fund Investment Management entrusted assets, after bidding won the national social security fund after another stocks, bonds and other types of combinations of several different styles of investment management.
According to the disclosure, the National Social Security Fund bought a total of 100,000,000 shares of ProLogis shares, representing ProLogis total share capital after completion of IPO to 2.2%. S according to their distribution range of 1.78-1.96 per share price of the investments involved a total capital of about RMB 900 million -10 billion.
Although this investment about 10 billion social security fund is just relative to the drop in the ocean, but just verify the September 14 President of the National Social Security Fund Council, Dai “Das summer of 2010 Forum” says, “end of the year before the Social Security Fund will invest in offshore funds of funds (FOF) take the first step, followed by the gradual development of foreign direct equity investment. ”
Day, Dai mentioned, the current 20% of the national social security fund of funds can be used for overseas investment, equivalent to 120 billion U.S. dollars, and at present only 7% of them.
The sources also told this reporter that “the Government of Singapore Investment Corporation to ProLogis market is mainly because the latter accounting for the industry’s investment resources to the ceiling set by the former Government of Singapore Investment Corporation proportion of investment in various sectors has been a relatively strict limits. “At the same time, Investment in the face of a variety of cross-industry phenomenon, how should we hold the attitude and mood to look at his results, the person also believes that” this government privatized the sale of assets, the general stability and insurance of the relatively high, and most business is ProLogis China. ”
ProLogis shares the investor as a cornerstone of Chinese-funded institutions, as well as the Alibaba Group Alibaba Group Treasury Limited, the company purchased a total of 1,350 shares of ProLogis shares, representing ProLogis total share capital after completion of IPO to 0.3%.
ProLogis is a leading business in China and Japan, logistics facilities and enterprises in 18 cities in China investment, construction and manages 53 logistics parks in Japan, ProLogis also owns and manages 69 logistics park. The IPO raised approximately 2.4 billion total -26 billion, including the National Social Security Fund and Alibaba Group, including nine cornerstone investors, the total issued shares of ProLogis to buy 1 / 3, accounting for 13.8% of the total shares of ProLogis .
JP Morgan Chase and Citigroup as the IPO of ProLogis joint global coordinator and bookrunner.
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