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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek trims holdings in BOC and CCB

Posted on 06 July 2011

The Singapore investment company sells $2.4 billion worth of shares in Bank of China and $1.2 billion of shares in China Construction Bank through two block trades arranged by Morgan Stanley.
Temasek Holdings last night raised $3.6 billion by selling part of its stake in Bank of China and China Construction Bank — the largest sell-down by the Singapore investment company in either bank to date and its biggest divestment in any sector so far this year……………………………………….Full Article: Source


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