Weekly Digest: GIC ups Shanghai mall stake; NPS reduces foreign equities managers
Cash-strapped Chinese developer sells Shanghai mall share to partner GIC; NPS slashes external managers for foreign equities by up to 10%; AustralianSuper adds to AI stocks; and more.
TOP NEWS OF THE WEEK
China Vanke has sold almost its entire stake in a Shanghai mall, Shanghai Nanxiang Incity MEGA, to a subsidiary of long-term business partner GIC as the cash-strapped developer continues to offload assets to ease debt pressure.
Shenzhen SCPG Commercial Property Development and Management, which is wholly owned by a Vanke-linked company, in June sold a 48% stake in Shanghai Xingxinman Enterprise Management to Reco Yiyuan Private, a GIC subsidiary, according t…
Please sign in or register
for free access to 1 article per month from AsianInvestor’s content and archives of over 16,000 articles.
¬ Haymarket Media Limited. All rights reserved.