Back in Public Ownership:GIC Private Limited

[fishtank]

But not our Government.

(Formerly known as Government of Singapore Investment Corporation Pte Ltd)

Just over 4% Shareholder now.

http://phx.corporate-ir.net/phoenix.zht ... highlight=" onclick="window.open(this.href);return false;

GIC was incorporated in 1981 under the Singapore Companies Act and is wholly owned by the Government of Singapore. Our aim is to achieve good long-term returns for the Government - a reasonable risk-adjusted rate above global inflation over a 20-year investment horizon. By achieving these returns, we fulfil our responsibility to preserve and enhance Singapore's foreign reserves. The reserves provide a stream of income that can be spent or invested for the benefit of present and future generations. We do not own the funds we manage. We manage these funds on behalf of the Government of Singapore, our client.