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CCB stake sold
May 15, 2009, Friday
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Print Edition
Print Edition
BANK of America Corp sold part of its stake in China Construction Bank for US$7.3 billion as the US lender seeks to raise billions to survive the recession, the Chinese lender said in a statement to the Hong Kong stock exchange late Wednesday.
The US bank sold a nearly 6 percent stake in the Chinese lender.
The US bank sold a nearly 6 percent stake in the Chinese lender.
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