Government of Singapore Investment Corp (GIC) has become Hong Kong-listed Beijing Capital International Airport Co's (BCIA) second largest shareholder with a holding of 343 mln H-shares, or a 7.9 pct stake, BCIA's parent said.

Zhang Zhizhong, general manager of Capital Airports Holding Co, which holds 56.61 pct of BCIA, said in a statement that GIC subscribed for 250 mln H-shares in a placement in late May, with BCIA issuing 313 mln H-shares at 7.45 hkd each.

GIC continued to buy BCIA H-shares on the open market in recent months, Zhang added.

BCIA reported a first-half net profit of 56.32 mln yuan, down 90 pct year-on-year. Its H-shares opened at 6.00 hkd today.

(1 usd = 6.8 yuan; 7.8 hkd)