Weekly Digest: GIC in talks to invest in Midea's HK IPO; Khazanah optimistic on 2024 report card
GIC mulls investing in appliance maker's HK listing; Malaysia's SWF expects better investment returns in 2024 from a year ago; Temasek set to buy stake in Blackstone-owned VFS; KIC seeking entity for investment services; and more.
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GIC and alternative asset manager Hillhouse Investment are considering investing in appliance maker Midea Group’s Hong Kong listing, according to people familiar with the matter.
Hillhouse is in talks to place an order for more than $1 billion in stock, while GIC is weighing subscribing for about $500 million in the offering, according to sources.
Source: Bloomberg
Malaysian sovereign wealth fund Khazanah Nasional expects its investment portfolio in 2…
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