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