SINGAPORE PRESS: GIC Buys 5% Of Malaysia Shell Refining
Friday July 30, 9:24 AM
SINGAPORE (Dow Jones)–The Government of Singapore Corp. has bought another substantial stake in a listed company in Malaysia amid signs of warmer bilateral ties between the two countries, the Business Times reports.
The investment arm of the Singapore government has emerged as possibly the third-largest shareholder of Shell Refining Co. (Federation of Malaysia), after it bought a 5% stake, or 15 million shares, in the company for S$43.91 million, the Singapore business daily says.
The shares were bought on July 22, according to a disclosure Thursday by the Malaysian arm of Royal Dutch/Shell, Europe’s second-biggest oil corporation. The newspaper adds GIC likely bought the shares in a share placement earlier this month.
This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
