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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek buys BOA’s rights to bank

Posted on 15 November 2010

From Asiaone.com: Temasek Holdings said yesterday it will raise its stake in China Construction Bank (CCB) by taking up Bank of America’s (BOA) entire entitlement in the rights issue of China’s No. 2 lender.
CCB plans to raise up to 61.6 billion yuan (S$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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