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Sovereign Wealth Funds Briefing - Categorized | Investment

Chinese consortium buys China Construction Bank stake

Posted on 05 September 2011

A Chinese consortium was the biggest buyer of the China Construction Bank stake that Bank of America sold last month.
The Chinese buyers joined with the sovereign investment arms of Singapore and Qatar to buy the CCB stake. Temasek, the Singapore state investment agency, raised its holding in CCB to about 7 per cent. In early July, Temasek sold over $1bn of CCB shares through Morgan Stanley at a price that was much higher than the level at which it bought shares last week……………………………………….Full Article: Source


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