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

Temasek sells $3.63 bln of Bank of China, CCB shares

Posted on 06 July 2011

Temasek Holdings Pte, Singapore’s state-owned investment company, raised HK$28.2 billion ($3.63 billion) selling stakes in China Construction Bank Corp. and Bank of China Ltd., two of the mainland’s three biggest banks.
Temasek sold about HK$18.8 billion of shares in Bank of China and about HK$9.4 billion in an offering of China Construction Bank stock, according to data compiled by Bloomberg……………………………………….Full Article: Source


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