| Temasek Holdings has pared its stake in China Construction Bank (CCB), the lender said in a filing to the Shanghai Stock Exchange. Temasek unit Fullerton Financial Holdings sold 555 million Hong Kong-listed shares of CCB at HK$5.01 (87 Singapore cents) apiece on June 16, for HK$2.78 billion in total.
According to the filing, Fullerton owned 5.03 per cent of China Construction Bank before the sale and 4.81 per cent after. Temasek has been a long-time shareholder of CCB, participating in its pre-initial public offering round in 2005 with a US$1 billion investment...............................................Full Article: Source
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