12.11.2010 - Bank of America sells share of CCB rights offer to Temasek
From Bloomberg: Bank of America Corp. sold its share of China Construction Bank Corp.’s $9.2 billion rights offer to Temasek Holdings Pte, Singapore’s state investment company, as the U.S. lender boosts capital to meet a pledge to federal regulators. Bank of America wouldn’t estimate its potential gain from the sale of its rights to buy 1.79 billion CCB shares, said Jerry Dubrowski, a bank spokesman. “The proceeds count towards the commitment we made to raise $3 billion” by Dec. 31 from gains on asset sales, he said.............................................Full Article: Source
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