As Goldman Sachs Group Inc. cuts its investment in Industrial & Commercial Bank of China Ltd. again, who is stepping in but Singapore’s sovereign wealth fund?
As Dow Jones Newswires reports Monday, Temasek Holdings said it would buy 3.55 billion of ICBC’s Hong Kong-listed H-shares from Goldman Sachs for $2.3 billion, according to a person familiar with the matter. The purchase gives Temasek an approximately 5.3% stake in ICBC’s H-shares………………………………………..Full Article: Source