Temasek Holdings Pte. bought 3.77 billion shares of China Construction Bank Corp. (939) on Nov. 11, increasing its stake in the second-largest Chinese lender by market capitalization.
Temasek’s stake in the bank rose to 9.42 percent from 7.86 percent before the transaction, in which Singapore’s state-owned investment company paid as much as HK$4.93 per share, according to a disclosure filing to the Hong Kong stock exchange today that didn’t give the total or per-share price. Full story
