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CIC is said to buy Longyuan IPO shares BEIJING -- China Investment Corp. agreed to buy US$400 million of stock in China Longyuan Power Group Corp.'s Hong Kong initial share sale, said three people familiar with the offering, as the sovereign wealth fund steps up investments in energy and commodities companies. CIC's holding in China's largest wind-power producer will be locked up for 12 months, said the people, who declined to be identified before an official statement. |
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