Beijing Capital Intl Airport says Singapore's GIC raises stake to 7.9 pct

Tradingmarkets.com, 14 Oct 2008

BEIJING, Oct 15, 2008 (XFN-ASIA via COMTEX) -- BJCHF | Quote | Chart | News | PowerRating -- Government of Singapore Investment Corp (GIC) has become Hong Kong-listed Beijing Capital International Airport Co's (HK 0694) second largest shareholder with a holding of 343 mln H-shares, or a 7.9 pct stake, BCIA's parent said.

Zhang Zhizhong, general manager of Capital Airports Holding Co, which holds 56.61 pct of BCIA, said in a statement that GIC subscribed for 250 mln H-shares in a placement in late May, with BCIA issuing 313 mln H-shares at 7.45 hkd each.

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