Temasek Holdings Pte, the Singapore state-owned investment company, is seeking to raise about HK$28 billion ($3.6 billion) by selling stakes in China Construction Bank Corp. (939) and Bank of China Ltd. (3988), two of the country’s three biggest banks.
The Singapore-based investment company is selling about HK$18.7 billion of shares in Bank of China and about HK$9.3 billion in an offering of China Construction Bank stock, according to term sheets obtained by Bloomberg News. Full story
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Temasek in $3.7 bln sale in Chinese banks: IFR - Reuters
Temasek trims holdings in BOC and CCB - FinanceAsia
Temasek sells partial stakes in top China banks - AFP
Temasek trims stakes in Chinese banks - Bangkok Post
Singapore's Temasek sells BOC, CCB shares - China Daily
