China Business News, 19 Mar 2009
Mar. 19, 2009 (China Knowledge) - Temasek Holdings, Singapore's sovereign wealth fund, has sold out all its stake in China Minsheng Banking Corp Ltd (CMBC)<600016>, the first privately owned bank in the nation, sources reported, citing an executive with Temasek.
In the fourth quarter of last year, Singapore-based Temasek sold over 1% stake in the Chinese lender, said Minsheng Bank's chairman Dong Wenbiao at the annual sessions of National People's Congress (NPC) and the country's top political advisory body in early March.
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