Thu, May 28, 2015
A A A
Welcome asarmad
RSS

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


 Article link

This post was written by:

VRS - who has written 16335 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
M T W T F S S
« Apr    
 123
45678910
11121314151617
18192021222324
25262728293031