GIC is my model fund management company

Phillip And wrote an article in his blog titled ‘Should GIC invest our
CPF in a company after its share price quadrupled?’ He raised the
question based on a number of reasons. I just quote this one,



‘GIC has paid for a business which was worth only a quarter of the price
less than a year ago. Its purchase price of Rs 222 valued Nirlon at
US$316 million when the market had earlier valued