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Bank of D&G handbag America denies rumor on selling CCB shares
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Bank of America denies rumor on selling CCB sharesPublished: 15 Dec 2008 23:45:15 PSTDec. 16, 2008 (China Knowledge) – U.S. largest lender Bank of America Corp yesterday denied rumor that it is planning to sell H-shares in China Construction Bank Corp (CCB)<601939><939>, according to its spokesman Robert Stickler. Stickler said Bank of America has not sold any shares of CCB and decline to comment on the possibility of placement in future. Hong Kong-based Apple Daily, citing an unnamed source, reported that the U.S. lender intends to sell 6 billion H-shares of CCB at a discount basis of up to 17% of the closing price of CCB shares on Dec. 12. The total transaction value of the deal is said to be US$3 billion. The country’s top property lender said earlier this month that Bank of America has bought 19.58 billion H-shares from CCB’s largest shareholder, Central Huijin Investment at the price of RMB 2.46 per share, or 1.2 times of CCB’s third-quarter book value, lifting its holdings in CCB to 19.13% from 10.8%. H-shares of CCB dropped 2.4% to close at HK$4.48 on Monday. Copyright © 2008 http://www.chinaknowledge.comSend feedback or comments to: news@chinaknowledge.comFor more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: To access our page on Bloomberg, type CKFI Related TopicsChina Newsショッピング枠 現金化 口コミ ahappydeal cement pump クレジットカード 現金化 电话会议 Study Mandarin
