GIC does not intend to hike stake in UBS above 10 pct limit

CNN Money
January 10, 2008: 07:13 AM EST

ZURICH, Jan. 10, 2008 (Thomson Financial delivered by Newstex) -- The Government of Singapore Investment Corp does not foresee hiking its stake in UBS (NYSE:UBS) AG beyond 10 pct, according to the sovereign wealth fund's managing director and group chief investment officer Ng Kok Song.

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