13.05.2011 - Temasek sells entire Kaisa Group stake
Singapore state investment company Temasek Holdings has sold its entire 8% stake in Kaisa Group Holdings Ltd., in a divestment that will raise about US$150 million, a person familiar with the transaction said on Thursday, prompting a sharp decline in the shares of the Chinese property company. Temasek, which bought the stake in 2007, sold its holding at a 10% discount to Wednesday's closing price of HK$3.39 ($0.44), the person said..............................................Full Article: Source
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