China Construction Bank: BofA Sold 2.77 Billion Shares To China Life
May 13 2009 - 10:47PM
Dow Jones News
China Construction Bank Corp. (0939.HK) disclosed Thursday the
breakdown of the recent share sale by Bank of America Corp.
(BAC).
Bank of America sold 2.77 billion shares to China Life Insurance
(Group) Co. and two of its units, China Construction Bank said in a
statement.
The U.S. lender sold 2.2 billion shares to BOCI Asia Ltd., the
Chinese bank said.
It also sold around 8.5 billion shares to unspecified overseas
funds, China Construction Bank said.
Bank of America spokesman Robert Stickler said Wednesday the
bank sold shares to a Hopu Investment Management Co.-led
consortium, which included Singaporean sovereign-wealth fund
Temasek Holdings Pte. Ltd.
-Victoria Ruan contributed to this story, Dow Jones Newswires;
8610 6588-5848; victoria.ruan@dowjones.com