GIC

GIC, Mizuho give Vietcombank $265m capital boost

The funds raised via a private placement bolster Vietcombank’s capital ahead of Vietnam's application of Basel II in 2020. However, the state could continue to demand big dividends.
January 09, 2019

GIC makes another bet on Chinese pharma

Singapore’s state fund leads $85 million funding for Harbour BioMed, marking its third investment in the Chinese pharmaceutical space in four months.
August 27, 2018

Hong Kong telecoms carriers bulk up for battle with HKT

COO NiQ Lai tells FinanceAsia how GIC-backed HKBN is more ready than ever to take on PCCW’s HKT after finally bagging WTT. Investors’ will focus on the delivery of promised synergies and fierce competition in the sector.
August 08, 2018

Coffee unicorn: Starbucks challenger raises $200m

Chinese startup Luckin Coffee draws investment from Singapore’s sovereign wealth fund and aims to challenge Starbucks’ dominance by introducing new ways of consumption and payment.
July 11, 2018