TradingMarkets.com, 19 May 2009
Temasek, the strategic investor of CCB and BOC, two of the nation's Big Four state-owned commercial lenders, takes a 5.65 percent stake in CCB and a 4.13 percent stake in BOC via its wholly-owned subsidiary Fullerton Financial Holdings (FFH). The lock-up period of the 5.65 percent CCB stake expired in August 2008 and that of the 4.13 percent BOC stake expired at the end of last year. The Singaporean sovereign wealth fund said in early this year that it would not sell stake in BOC and expected to buy more into CCB, the biggest real estate and mortgage lender in China.
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