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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek ‘ups CCB stake’

Posted on 21 May 2009

From Straitstimes.com: Temasek Holdings invested US$600 million (S$877 million) to raise its stake in China Construction Bank (CCB) during Bank of America’s recent sale of CCB shares.

Last week, it was reported that Bank of America (BoA) had sold 13.5 billion of its CCB shares at HK$4.20 each to a consortium including Temasek, a China Life Insurance unit and Chinese private equity fund Hopu Investment Management…….Full Article: Source


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