Bloomberg.com, 12 May 2009, Cathy Chan
May 12 (Bloomberg) -- Bank of America Corp., under pressure from U.S. regulators to raise money, sold a 5.8 percent stake in China Construction Bank Corp. for about $7.3 billion, said two people with knowledge of the matter.
Hopu Investment Management Co., the private-equity fund run by Goldman Sachs Group Inc.’s China partner Fang Fenglei, led investors including Singapore’s state-owned Temasek Holdings Pte in buying 13.5 billion shares from Bank of America, the people said, speaking on condition of anonymity.
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Temasek, Hopu, China Fund Buy Bank of America's CCB Stake - The Wall Street Journal
Bank of America sells $7.3 billion CCB stake: source - Reuters
