Reuters, 18 Nov 2009
SINGAPORE, Nov 18 (Reuters) - GIC, Singapore's biggest sovereign wealth fund, has bought a 5.4 percent stake in Chinese videogames company Shanda Games (GAME.O), its second recent investment in a newly listed firm in the United States.
GIC [GIC.UL] bought 4.4 million U.S. shares of Shanda Games, currently valued at about $47 million, according to a regulatory filing a few weeks after Shanda completed a $1 billion initial public offering.
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