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+--- Thread: Singapore wants a little bit of Maui (/showthread.php?tid=7996)
Singapore wants a little bit of Maui - Bullwinkle - 02-16-2011
Bloomberg said the offer was revealed in the U.S. Bankruptcy Court in Manhattan on Monday.
The bidder is the Government of Singapore Investment Corp., a sovereign-wealth fund.
Sovereign-wealth funds are investment businesses run by governments that, like Singapore, enjoy large trade surpluses and need to find ways to use their foreign currency balances. The fund has $100 billion and, according to Bloomberg, is one of the creditors of the resorts.
more:
http://www.mauinews.com/page/content.detail/id/546164/Government-of-Singapore-offers-to-buy-Grand-Wailea.html?nav=10