China's national pension fund and its sovereign wealth fund have both invested in the initial public offering (IPO) of Global Logistics Properties (GLP), the logistics arm of the Government of Singapore Investment Corp. (GIC), the China Business News reported Tuesday.

GLP went public in Singapore Monday, attracting a total of 3.9 billion Singapore dollars, marking it largest IPO in the country since 1993.

China's Social Security Fund (SSF) is listed as a cornerstone investor for GLP's IPO, while China Investment Corp. (CIC) is also a major investor. This marks the first time for SSF and CIC to invest in the same overseas public company。

According to information released by Singapore's Monetary Authority, the pension fund purchased 100 million shares of GLP, accounting for 2.2 percent of the total shares after the IPO. The transaction is worth of about 196 million Singapore dollars (about 1 billion yuan).

Besides SSF, another nine cornerstone investors participated in the IPO, investing in 13.8 percent of GLP's total shares. There were three other Chinese companies listed as cornerstone investors, including Alibaba Group, Chow Tai Fook Group and Nan Fung Group.

A total of 450 institutional investors participated in GLP's IPO.

China's business press carried the story above on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy.

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