28.07.2014 - Temasek exits New China Life with $276 mln share selldown
Singapore state investor Temasek Holdings said on Friday it had sold all of its remaining shares in New China Life Insurance (NCI), on the back of a 27 percent rally in the stock over the past year. Temasek sold 78 million shares in NCI, China's third-largest life insurer at HK$27.45 each raising $2.14 billion ($276 million), after offering the stock in a HK$27.30 to HK$27.85 per share indicative range, a source familiar with the deal told Reuters...............................................Full Article: Source
Print