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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation, Financials, Investment, Market

Temasek to invest $2bln in CCB rights

Posted on 12 November 2010

From Todayonline.com: Temasek Holdings has confirmed it will invest an additional $2 billion in China Construction Bank (CCB) by taking up Bank of America’s (BofA) entire entitlement in the rights issue of China’s second-largest lender.
CCB plans to raise up to 61.6 billion yuan ($12 billion) this month in Asia’s biggest rights issue outside Japan to shore up capital after an industry-wide lending binge last year……………………………………….Full Article: Source


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