Nov 16 (Reuters) - Intime Department Store (Group) Co Ltd said the Government of Singapore Investment Corporation Pte Ltd (GIC) would buy a total 134.2 million new and existing shares in the firm, raising its stake to 9.08 percent from 2.44 percent.
GIC, established in 1981 to manage Singapore's foreign reserves, also agreed to buy 57.5 million existing Intime shares from its controlling shareholder at HK$9.90 each, representing a 7.5 percent discount to the previous close. Full story
