Friday, March 30, 2012

GIC profits from Japan stadium sale

Straits Times: Fri, Mar 30
WHEN the floodlights come on at the Fukuoka Yahoo! Japan Dome, the first pitch of the season thrown at the stadium will be a special one for its home team Fukuoka Softbank Hawks.

The reigning champions of Japan's baseball series will finally have a home they can truly call their own.

The Government of Singapore Investment Corporation (GIC) agreed to sell the Fukuoka Yahoo! Japan Dome, home of the Hawks, to the team's owner telco Softbank for 87 billion yen (S$1.3 billion), in a deal announced last week...

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