Temasek to keep Bank of China stake in H1 -report

Reuters, 7 Mar 2009, Andrew Torchia

SHANGHAI, March 7 (Reuters) - Singapore state investor Temasek [TEM.UL] has promised not to sell its shares in Bank of China (601988.SS)(3988.HK) through at least the first half of this year, the bank's chairman was quoted as saying.

The official Shanghai Securities News on Saturday quoted Xiao Gang as saying that his bank had been in close contact with Temasek, which had undertaken not to make any cut in its stake before the middle of 2009.

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