date:May 06, 2014
Singapore sovereign wealth fund, Government of Singapore Investment Corp (GIC), has invested PHP3.4bn ($76.2m) in Century Canning Corp (CCC), parent company of soon-to-be-listed Century Pacific Food (CNPF).
GIC and CCC have signed an Exchangeable Loan Agreement, the proceeds of which will be used by CCC to finance growth and expansion of existing subsidiaries including but not limited to CNPF, possible acquisitions, potential foray into new businesses, as well as other general corporate purpose