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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Temasek to buy CCB shares

Posted on 11 November 2010

From Straitstimes.com: Temasek Holdings will take up Bank of America’s entire entitlement in China Construction Bank’s rights issue, a spokesman for the Singapore state investor said on Thursday.
CCB, China’s No 2 lender, plans to raise up to 61.6 billion yuan (S$11.9 billion) in Asia’s biggest rights issue outside Japan to shore up capital after a lending binge in 2009……………………………………….Full Article: Source


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