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Temasek Not To Sell ABC Shares
Temasek Holdings will not sell its shares in Agricultural Bank of China.
Temasek Holdingswill not sell its shares inAgricultural Bank of China(ABC),Reutersreports. The announcement comes after the Singapore government investment firm sold stakes inBank of China(BOC) andChina Construction Bank(CCB) last week, addsChina 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.
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