GIC offers to acquire five bankrupt Paulson Resorts for US$1.5 billion

Bloomberg, 14 Feb 2011
Government of Singapore Investment Corp., a sovereign wealth fund, offered to buy a group of bankrupt resorts owned by hedge fund Paulson & Co. and other investors.
The fund has offered $1.5 billion for the five resorts, one of its lawyers, Michael Sage, said in an interview after unveiling the offer at a bankruptcy court hearing today in New York. Full story

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Government of Singapore offers to buy Grand Wailea - The Maui News
Singapore’s GIC bids for bankrupt resorts - Business Times Malaysia