Business

Temasek launches US$2.4b Chinese banks stake sale: IFR

May 02, 2012

HONG KONG, May 2 – Singapore state investor Temasek Holdings launched a block sale worth about US$2.4 billion (RM7.26 billion) in shares of two of China’s largest banks, IFR reported.

Temasek offered about US$1.2 billion in Hong Kong-listed shares of China Construction Bank and another US$1.2 billion of Bank of China, IFR said, citing term sheets of the deals. – Reuters

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