TopNews.inc, 24 May 2009, Gaurav Mehra
$600 million would be invested by Singapore state investment agency Temasek Holdings in order to raise its stake in China Construction Bank to 6.5 percent from 6 percent.
A source familiar with the matter said that with the aim to enhance Temasek’s equity stake in CCB, the world's second-largest lender by market value, the company is mulling to pay $600 million.
As per the media reports, the investment would boost Temasek's holding to 6.5 percent, or 14.3 billion shares.
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