Temasek Buys China Construction Bank Shares

Temasek Buys China Construction Bank Shares Play

Sept. 6 (Bloomberg) -- 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 Chinese lender, 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. Haslinda Amin reports on Bloomberg Television's "First Up." (Source: Bloomberg)

  • On Air Now

    The Great Disrupters: Businessweek Anniversary Watch Now

  • Next

    Bloomberg West

blog comments powered by Disqus