18.11.2011 - Temasek Holdings increases stake in China bank

Temasek Holdings has bought about one-third of the China Construction Bank (CCB) shares that have been offloaded by Bank of America in recent days. Temasek is believed to have paid about HK$4.93 a piece for the shares, or HK$17 billion (S$2.8 billion) in total, Bloomberg estimated. Two Chinese institutions will buy the rest of the 10.4 billion shares Bank of America is selling, reports said............................................Full Article: Source

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