Bank of China says no reponse from shareholders yet on Temasek buy-in – AFX


Bank of China Ltd, one of the country’s big four state-owned commercial banks, has not received a response from shareholders on Temasek’s planned buy-in, a bank official said.

Zhu Min, assistant to the president of Bank of China, told reporters the bank has submitted the deal for regulators and shareholders to review but has not heard back from them.

The Chinese bank has signed an agreement to sell 10 pct to the Singapore government investment arm for 3.1 bln usd, taking Temasek on as a strategic shareholder.

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