24.09.2015 - Singapore state investor Temasek boosts stake in China's ICBC
Singapore state investor Temasek Holdings has increased its stake in Industrial and Commercial Bank of China (ICBC) to 10 percent by acquiring HK$141 million ($18 million) of shares in the largest Chinese bank. Temasek, which previously owned 9.97 percent in ICBC, bought another 30 million ICBC shares at an average price of HK$4.696 a share. "Temasek is confident in the long-term prospect of the Chinese economy. We actively seek opportunities to broaden and rebalance our exposure to the Chinese economy," Temasek spokesman Jeffrey Fang said in an emailed statement...............................................Full Article: Source
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