Bloomberg.com, 7 May 2009, Cathy Chan
May 7 (Bloomberg) -- Temasek Holdings Pte has no plans to increase its stake in China Construction Bank Corp., said a person with direct knowledge of the situation.
Bank of America Corp., judged to need about $34 billion of new capital following U.S. regulators’ stress tests, is free to sell 13.5 billion shares in China Construction, the nation’s second-largest bank, starting today. Temasek has a 5.65 percent stake in China Construction and isn’t planning to add to that, the person said, speaking on condition of anonymity.
Read More
