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Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Temasek’s stake sale another blow

Posted on 07 July 2011

Singapore state investor Temasek Holdings solds takesintwo of China’s biggest banks on Wednesday to raise $3.6 billion, piling more pressure on mainland lenders amid concerns about rising bad debts.
The sale of stakes in Bank of China and China Construction Bank (CCB) reduces Temasek’s big exposure to the financial sector and adds to a growing warchest as it boosts focus on resources……………………………………….Full Article: Source


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