Ass Loon's Response to SGs' Anger on Pinoys' Independence Day Party @ Orchard Rd

[makapaaa]

Published May 03, 2014

GIC to invest 3.4b pesos in Philippine food firm
By
Kelly Tay
[email protected] @KellyTayBT


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GIC has cast a vote of confidence in the Philippine economy, lending 3.4 billion pesos (S$95.6 million) to Century Canning Corporation (CCC), the parent company of soon-to-be-listed Century Pacific Food (CNPF) - PHOTO: BLOOMBERG




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GIC has cast a "vote of confidence" in the Philippine economy, lending 3.4 billion pesos (S$95.6 million) to Century Canning Corporation (CCC), the parent company of soon-to-be-listed Century Pacific Food (CNPF).
Through its private equity arm, Singapore's sovereign wealth fund yesterday entered into an exchangeable loan agreement with CCC, for a principal amount of 3.4 billion pesos. The loan - exchangeable for equity in CNPF - is for one year, but is extendable by both GIC and CCC. It carries an interest rate of 5 per cent.
GIC will have the option to exchange both the principal and all accrued interest into 245.5 million issued and outstanding shares of CNPF, effectively at a conversion price equivalent to CNPF's initial public offering (IPO) price of 13.75 pesos per share.

 

[JHolmesJr]

Wheres the canned applause?

 

[laksaboy]

That works out to about 100 mil SGD. Spare change and can be easily recovered from the CPF, taxes, fees, fares, levies, stamp duties and fines.

 

[Bigfuck]

That works out to about 100 mil SGD. Spare change and can be easily recovered from the CPF, taxes, fees, fares, levies, stamp duties and fines.

Even smaller peanuts when taken from the Lee assets. Li Kashing bowed his head down during an interview and said he is not the richest man in Asia and there is another Lee.