This content is from: Corner Office

Temasek Not To Sell ABC Shares

Temasek Holdings will not sell its shares in Agricultural Bank of China.

Temasek Holdings will not sell its shares in Agricultural Bank of China (ABC), Reuters reports. The announcement comes after the Singapore government investment firm sold stakes in Bank of China (BOC) and China Construction Bank (CCB) last week, adds China Daily.

The firm raised a combine $3.6 billion in sale of shares of BOC and CCB last week. Temasek currently holds about $14 billion of CCB’s shares and about $3 billion of BOC’s stock after last week’s sale.

Click here for the story from Reuters.

Click here for additional coverage from China Daily.

Related Content