11.12.2015 - Temasek to participate in Chinese bank's stake sale
Temasek Holdings, the biggest foreign investor in Chinese banks, will raise its profile in the country's financial sector by taking part in Postal Savings Bank of China's (PSBC) private fund-raising exercise. PSBC will sell 16.92% of its stake to 10 global strategic partners, including financial institutions, such as JP Morgan Chase, UBS Group, Temasek Holdings and Alibaba-owned Ant Financial. The stake sale, raising US$7.06 billion ($9.93 billion), comes ahead of a planned initial public offering by the Chinese lender, which is expected to take place in Hong Kong next year...............................................Full Article: Source
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