March 23, 2011 / 4:09 AM / in 7 years

Singapore GIC ups stake in Shanda Games to 10.3 pct-filing

SINGAPORE, March 23 (Reuters) - Singapore sovereign wealth fund GIC has increased its stake in US-listed Chinese video games firm Shanda Games to 10.3 percent as of March 14, from 8.2 percent in December, according to a U.S. filing late on Tuesday.

GIC, one of the world’s largest wealth funds with over $200 billion in assets, first bought Shanda shares in November 2009, shortly after the Chinese firm’s initial public offering in the United States. (Reporting by Saeed Azhar)

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