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

Temasek denies ABC share sale

Posted on 15 July 2011

Temasek Holdings Pte said on Wednesday that it will not sell its shares in Agricultural Bank of China Ltd (ABC). The comments came after the Singapore government investment company sold stakes in Bank of China Ltd (BOC) and China Construction Bank Corp (CCB) last week.
“We are confident in the long-term development of the banking industry in China,” said Ding Wei, head of operations at Temasek China……………………………………….Full Article: Source

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