GIC Private Limited has divested 0.15% of its investment in Bumrungrad Hospital Public Company Limited (SET: BH) on August 18, according to information disclosed by the Securities and Exchange Commission (SEC). This transaction effectively reduces GIC’s ownership in the Thai healthcare giant to 4.9867%.
With its stake now dipping below the crucial 5% mark, GIC is no longer obligated to disclose future share sales of Bumrungrad Hospital to the SEC, signaling a shift in reporting requirements for the sovereign wealth fund.
GIC is a global long-term investor established in 1981 to manage Singapore’s foreign reserves with investments in over 40 countries.
