Great GIC trade but there’s a catch

In GIC on 01/10/2019 at 2:00 pm

It invested US$1bn in the IPO Anheuser-Busch InBev’s Asia-Pacific unit: AB InBev Asia.

The shares were up 4% on the first day of trading yesterday.

Problem is that it can’t sell for six months because it’s a cornerstone investors. It got to invest so much for that reason.

Terry’s Team M’sia will never report stuff like this.

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