Bank stakes for sale
Source: Bloomberg News |
July 6, 2011, Wednesday
|
Print Edition
Print Edition
TEMASEK Holdings Pte is seeking to raise about HK$28 billion (US$3.6 billion) by selling stakes in China Construction Bank and the Bank of China, two of the country's three biggest banks.
The Singapore-based investment company is selling HK$18.7 billion of shares in BOC and about HK$9.3 billion in an offering of CCB stock, according to term sheets obtained by Bloomberg News.
Morgan Stanley is managing both sales, the terms showed. Jeffrey Fang, a spokesman for Temasek, declined to comment.
The Singapore-based investment company is selling HK$18.7 billion of shares in BOC and about HK$9.3 billion in an offering of CCB stock, according to term sheets obtained by Bloomberg News.
Morgan Stanley is managing both sales, the terms showed. Jeffrey Fang, a spokesman for Temasek, declined to comment.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
