Singapore's GIC buys 5 pct of Malaysia's Proton

Newswire

KUALA LUMPUR, Nov 24 (Reuters) - The Government of Singapore Investment Corp Pte Ltd (GIC) has bought a 5.04 percent stake in Malaysia's Proton Holdings , emerging for the first time as a substantial shareholder of the carmaker, Proton said. GIC is a state investment firm which manages Singapore's foreign reserves and holds a wide range of mainly blue chip assets from Japanese and Korean real estate projects to U.S. bonsd an equities. Proton said in a statement late on Tuesday that GIC ...

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