Monday, January 3, 2011

CIC also bought shares in Blackstone to 12.5%.

<P> Blackstone Group on Thursday confirmed that the company changed with Beijing Wonderful Investments Limited had signed ownership agreement to limit the beneficial ownership increased from 9.99% to 12.5%. .</ P> <P> Beijing Wonderful Investments Limited is the China Investment Corporation, a subsidiary. .</ P> <P> Blackstone on October 16 to submit the documents to the regulators said, both sides have signed a new agreement to be applicable to Beijing Wonderful Investments Limited and its subsidiaries shareholding limit to .12.5%. .This person in the cast said, "will be at the right time, to express any comment." .</ P> <P> October 16 Blackstone shares hit a low of $ 8.67, but follow the market trend in the late rebound to 9.4 U.S. dollars. .However, the Blackstone IPO price less than the current one-third share. .</ P> <P> CIC in Blackstone in June 2007 to 31 U.S. dollars per share initial public offering (IPO) of shares shortly before the first buy, but so far sum investment value has shrunk dramatically. .CIC investment in Blackstone was founded by legal entities - Beijing Wonderful Investments Limited in May 2007 to finalize the first shareholding agreement. .CIC held that the agreement allows up to 9.99% stake in Blackstone. .</ P> <P> the source said, the investment plans in the open market to buy Blackstone shares to overweight and overweight do not need to be approved by regulators. .</ P> <P> a research report Morgan Stanley said the agreement should Blackstone shares would constitute support. .</ P> <P> pessimistic forecast, according to media, the investment with 30 billion to $ 29.605 purchase price of approximately 9.9% stake in Blackstone, according to October 14, Blackstone shares fell about 8 U.S. dollars, the investment appears .Fukui about 20 billion U.S. dollars, even if Blackstone shares rebound on the 16th, but the CIC investment in Blackstone is still huge loss; coupled with over five billion U.S. dollars to buy a large Mount of not more than 9.9% convertible equity units, was agreed .The conversion price per share of between 48.07 to 57.684 U.S. dollars, (http://finance.) Morgan Stanley shares but only 10 dollars, the lowest price in this agreement, CIC investment in this pen for almost Fukui .4.0 billion. .In other words, the investment in the United States was "set" of funds may have reached billions of dollars. .</ P> <P> Sina Finance, according to survey data shows that about 53% of netizens oppose the Chinese capital overseas bargain-hunting. .Vote at this sensitive moment in the proposed Blackstone holdings of shares in the market attracted many voices of doubt. .</ P>.

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