From Financeasia.com:
The fixed-price transaction comes only two days after the Singapore investment company sold shares in Bank of China. Temasek Holdings has sold HK$1.99 billion ($255 million) worth of shares in China Construction Bank (CCB) through a block trade only two days after completing a similar sell-down in Bank of China (BOC) .
The Singapore investment company hasn’t made any comment on why it is selling, other than to say that both transactions are part of its normal portfolio management. However, there is speculation that it is trying to free up money for a different investment or acquisition, and the CCB and BOC shares are obviously quite easy to monetise given that both stocks are very liquid. Having invested in both banks before and during their respective IPOs, Temasek is also sitting on sizeable profits in both stocks. [Full Text]
