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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek Increases ICBC Stake as Goldman Exits

Posted on 22 May 2013

Temasek Holdings Pte (TMSK), Singapore’s state-owned investment company, boosted its stake in Industrial & Commercial Bank of China Ltd. for the third time in a year as Goldman Sachs Group Inc. (GS) ended an investment in the lender.
Temasek bought 280 million shares in the world’s largest bank by market value at an average price of HK$5.50 a share, or a total of HK$1.54 billion ($198 million), according to a Hong Kong stock exchange statement………………………………….Full Article: Source


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