12.07.2011 - Temasek and Kookmin choose their timing well
And while the bidding and negotiation between Kookmin and its potential underwriters was continuing, Temasek squeezed ahead with its $3.6 billion sale of shares in Bank of China (BOC) and China Construction Bank (CCB) on Tuesday. The BOC block raised $2.4 billion, while the CCB transaction raised $1.2 billion. Both deals were handled by Morgan Stanley on a sole basis a nice win for the US investment bank, especially since it was never bid out..............................................Full Article: Source
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