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  1. Bank of America may cut mainland stake

    Posted Nov 07th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com Bank of America Corp is considering further paring its stake in China Construction Bank Corp, just weeks after it sold a big chunk of the mainland lender. ... Construction Bank is the mainland's second-biggest lender by market capitalisation. In August, Bank of America announced that it was selling half its 10 per cent stake in Construction Bank, ...

  2. Bank of America sell-down of CCB seen as win-win

    Posted Aug 28th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com China Construction Bank (CCB), the mainland's second-largest bank by market capitalisation, may see further share price weakness following reports that Bank of America (BofA) plans to sell some of its equity in the lender. But analysts say such a sale could end up benefiting both parties. The New York Times reported yesterday that BofA, which ...

  3. Repsol Latin America asset bids fail

    Posted Sep 17th 2007, 12:00am by Staff Reporter

    ... declined to join in the bid because they felt the returns were not as attractive as they could have been. Repsol owns oil and gas assets in a number of countries in Latin America, including ...

  4. CCB eyes Bank of America retail unit

    Posted Aug 10th 2006, 12:00am by Staff Reporter

    ... lender, is in talks to buy the retail banking operations of Bank of America as part of its push to expand its Hong Kong business. The proposed transaction would help CCB to catch up with its major ... of America's retail and small business banking operations in Hong Kong's overcrowded banking market, people briefed on the situation said yesterday. The eventual deal could be worth up to US$1 ...

  5. CCB secures regulatory approval for financial leasing venture

    Posted Sep 07th 2007, 12:00am by Staff Reporter

    ... of America Corp. The mainland lender said the registered capital of the joint venture would be 4.5 billion yuan. CCB would contribute 3.38 billion yuan for a 75.1 per cent stake while Bank of America, would provide 1.12 billion yuan for a 24.9 per cent share. Bank of America owns 8.52 per cent of CCB. As mainland banks grow - and demand for their services increases amid the rising ...

  6. Lai See

    Posted Jan 12th 2007, 12:00am by Staff Reporter

    ... Construction Bank president Zhang Jianguo kept referring to BOC Asia when he obviously meant to refer to BOA Asia, or Bank of America Asia, which CCB recently acquired. Or was this a Freudian slip, ...

  7. CCB shares rebound after sale of stake

    Posted Nov 16th 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com China Construction Bank's share price rebounded amid a sluggish market yesterday after Bank of America said it was selling a portion of its stake ... the stock price of the other three large state-owned commercial banks fell. The Hang Seng Index fell 0.82 per cent. Bank of America said it would sell, via private transactions, 10.4 billion of its ...

  8. CCB overhang fears eased by share deal

    Posted Aug 31st 2011, 12:00am

    ... Lulu Chen lulu.chen@scmp.com The overhang on China Construction Bank's share price was lifted this week with news that Bank of America would sell about half of its stake in the lender- with Singapore sovereign wealth fund Temasek presumed to be on the list of buyers. Bank of America said on Monday that it had agreed to sell about 13.1 billion common shares of CCB, ...

  9. Temasek puts its faith in mainland banks

    Posted Jun 22nd 2012, 12:00am

    ... in the US,' he said. Temasek suffered a loss when it sold its stake in Bank of America three years ago in the aftermath of the global financial crisis. Curl also said political and regulatory debates ... at Bank of America, is one of four presidents at Temasek. He joined the company in September 2010 after retiring from Bank of America. Temasek has been criticised for 'behaving like a hedge ...

  10. Machinery giant aims for Hong Kong listing

    Posted Mar 17th 2012, 12:00am

    ... 120 countries and regions in Southeast Asia, Africa, Europe, the Middle East, North America and Latin America. But it is best known for its extensive footprint in the developing world, ...




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