GIC disposed over half of its stake in Hong Kong-listed Champion Real Estate Investment Trust

FinanceAsia.com, 14 Jan 2011Meanwhile, The Government of Singapore Investment Corp (GIC) sold just over half its stake in Hong Kong-listed Champion Real Estate Investment Trust, reaping a total of HK$634.5 million ($82 million) and reducing its holdings to 2.4% from 5.1%. UBS was the sole bookrunner.GIC has been a long-term shareholder in Champion Reit and at one point held just over 9% of the