SINGAPORE (MarketWatch) -- Singapore state investment company Temasek Holdings Pte Ltd. has purchased nearly a third of the 10.4 billion shares which Bank of America Corp. sold in China Construction Bank Corp., while Chinese state-related entities took up the rest, people familiar with the situation said Wednesday.
Temasek will now have a stake just under 10% in CCB, one person said, up from 8.1% before the sale by Bank of America,... Full story
Related:
Temasek Said to Buy China Construction Bank Shares From BofA - BusinessWeek
Singapore's Temasek Holdings raises stake in China Construction Bank - Xinhua
