| Shares of China Construction Bank (CCB) are moving in a narrow range on the Hong Kong stock market. Selling of CCB shares increased after the bank on Monday announced that Temasek Holdings, a Singapore sovereign wealth fund, has sold 555 million CCB shares, or 0.22% of the bank's outstanding shares.
As a result, Temasek's stake in CCB has dropped to 4.81% from 5.03%. CCB made the announcement after the end of the day's trading, saying Temasek made the move to help balance its shareholdings...............................................Full Article: Source |