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Temasek, GIC buy US$1b of Alibaba shares

They will each pay US$500m at US$74 a share in sale by Japan's SoftBank Group
Friday, June 3, 2016 - 05:50

Singapore

SINGAPORE's state-owned investment firms Temasek Holdings Pte Ltd and GIC Pte Ltd, long-term Alibaba Group Holding Inc investors, have bought a combined US$1 billion of stock in the Chinese e-commerce behemoth, the second-biggest stakes being sold by SoftBank Group Corp.