Tuesday, September 6, 2011

Temasek increased shares in CCB

Temasek Holdings Pte, Singapore's state-owned investment company, bought shares in China
Construction Bank Corp. for as much as HK$21.7 billion ($2.8 billion) about eight weeks after paring its holdings.

Temasek purchased 4.4 billion shares of the CCB, world's second largest bank lender by market value, paying as much as HK$4.94 a share and increasing its stake to 8.1 percent from 6.27 percent, according to a filing to the Hong Kong stock exchange yesterday.

Formerly, CCB reportedly plans to acquire PT Bank Maspion Indonesia. However, the official plot is not yet delivered to Bank Indonesia (BI).

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