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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment, Performance

$28bln for Temasek from part sale of bank stakes

Posted on 07 July 2011

Temasek Holdings raised HK$28.2 billion by selling stakes in China Construction Bank and Bank of China, but Singapore’s state-owned investment arm insisted it will continue to remain a shareholder in the two lenders.
“This sale is part of rebalancing our portfolio, which we do from time to time,” spokesman Jeffrey Fang said, adding “Temasek continues to hold substantial positions in Chinese banks.”………………………………………Full Article: Source


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