GIC

GIC-backed Thai startup weighs IPO in Hong Kong or New York

Line Man Wongnai is moving ahead with plans to raise funds as it intends to boost investment in its fintech unit, Lineman Pay

Shenzhen Han’s CNC Technology was China’s largest specialised PCB production equipment manufacturer in terms of revenue in 2024.

GIC-backed Shenzhen Han’s CNC to price Hong Kong listing at top of range; targets HK$4.83 billion raise

The firm is offering 50.5 million shares in the listing, with the offer price determined as HK$95.80 per share

STT GDC operates six data centre facilities in Singapore, including at one-north (pictured).
BT EXPLAINS

A S$13.8 billion data centre prize: Why KKR, Singtel and GIC want Temasek-backed STT GDC

The deal could potentially transform Singtel into a data centre powerhouse.

GIC is in the midst of a shakeup of its external managers department while Temasek has contacted a wider pool of hedge funds for potential investments.

GIC, Temasek revamp how they deal with hedge funds

Temasek said last year it invested in about 10 hedge funds

STT GDC has more than 100 data centres in over 20 markets worldwide – including Singapore, Germany and Malaysia – with a total IT load of 2.3 GW.

Analysts see KKR-led STT GDC deal accelerating Singtel’s push to digital infrastructure

The deal positions the telco as one of Asia-Pacific’s largest data centre players

Comparing GIC’s performance against Temasek’s is not just comparing apples to oranges; it is comparing a shield to a sword, say the writers.

There is no one-size-fits-all approach to sovereign finance

In a volatile world, the strength of a sovereign wealth fund lies in its ability to fulfil its specific, sovereign purpose

In January, several questions were raised in Parliament about whether GIC and Temasek have been generating satisfactory risk-adjusted returns.

What’s up with GIC and Temasek’s performance?

GIC and Temasek’s trailing performance has been a hot topic of discussion in Singapore. Senior correspondent Ben Paul sifts through key issues.

Based in Singapore, STT GDC is one of Asia’s largest data centre operators with more than 100 such facilities across 20 markets.

GIC, Mubadala said to be set to join KKR in US$10 billion STT Deal

Data centres are attracting a lot of investor interest, not least because of their role in the artificial intelligence boom

GIC is providing capital and investment expertise.

Sony, Singapore’s GIC to invest US$2 billion in music catalogues

The joint venture will give the Japanese entertainment company funds to build up its portfolio of songs

The investment by GIC comes on the back of AI workspace company Notion opening a Singapore office in mid-2025, as part of its push for regional expansion.

GIC invests in AI workspace Notion through US$270 million employee share sale

The other investors are Sequoia Capital and Index Ventures