Reuters, 11 Nov 2008, Sonali Paul
" Last month, Stockland built a 13 percent stake in FKP Property and secured first rights on a takeover of its retirement villages.
Its move comes after GPT raised A$1 billion ($654 million) in a share sale priced at a massive 48 percent discount to cut debt and ease concerns over its future. That financing deal was backed by state-owned Singapore Investment Corp's GIC Real Estate.
At the time of the rights issue, GIC Real Estate agreed not to block any future takeover of the company as long as it was supported by a majority of other shareholders."
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Stockland buys time by boosting its GPT holding - The Australian, 13 Nov 08
