Temasek buys ICBC shares from Goldman Sachs

Updated: 2013-05-23 13:37

(China Daily)

  Print Mail Large Medium  Small 分享按钮 0

Temasek Holdings Ltd, an Asian investment firm headquartered in Singapore, increased its stake in Hong Kong-listed Industrial and Commercial Bank of China from 6.71 to 7.04 percent.

This is the third time in a year that it has increased its stake and coincides with Goldman Sachs Group Inc exiting its seven-year investment. Temasek bought 280 million shares in the world's largest bank by market value at an average price of $0.71 a share, or a total of $198 million, according to a Hong Kong stock exchange statement on Tuesday.

CITIC, Temasek to buy Chinese software firm Asiainfo

Temasek to hold on to stakes in Chinese banks

ICBC names new president

Goldman exits China's ICBC

ICBC Q1 net profit up 12%

 

8.03K