Temasek Buys $2.79B CCB Shares

Temasek Holdings has acquired bought 4.4 billion shares of China Construction Bank.

Temasek Holdings has acquired bought 4.4 billion shares of China Construction Bank (CCB), The Wall Street Journal reports. The Singapore state investment firm raised its interest in CCB to 8.10 percent from 6.27 percent. Temasek paid 63 cents for each CCB share, which would make the total cost about $2.79 billion. In July, the firm sold 1.5 billion shares of the lender, raising $1.2 billion.

Click here for the story from The Wall Street Journal.

Click here for the release from FinanceAsia.

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