Bloomberg.com, 24 Oct 2008, Jacob Greber
"Investors bought shares at 60 Australian cents each, GPT said in a statement last yesterday in Sydney. The stock was placed in a trading halt Oct. 22 at A$1.15, valuing the company at A$2.6 billion. In a separate deal, Government of Singapore Investment Corp. bought A$250 million exchangeable securities at A$1.25 a share. GPT will seek an additional A$300 million from retail investors in an offer which opens Oct. 30."
"The sale to GIC is expected to give Singapore's sovereign wealth fund between 12 percent and 18 percent of GPT, making it the largest shareholder, according to data compiled by Bloomberg. The GIC purchase includes a seat on the company's board and a veto over major transactions."
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