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GIC may be selling Sunway stake worth more than RM400m

Published Tue, Nov 4, 2014 · 09:50 PM
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Kuala Lumpur

SINGAPORE'S investment agency GIC is selling a stake worth more than RM400 million (S$155 million) in Malaysia's property-to-construction conglomerate Sunway, according to a term sheet seen by Reuters on Tuesday.

The shares are being priced in a range between RM3.20 and RM3.30 each, the term sheet showed, representing a discount of 1.5 per cent to 4.5 per cent to Tuesday's closing price of RM3.35.

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