Central Huijin raises stake in BOC

Published: 11 Oct 2009 23:48:51 PST

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Oct. 12, 2009 (China Knowledge) - China's Central Huijin Investment Co Ltd, a wholly-owned subsidiary of China's sovereign wealth fund, China Investment Corp, recently raised its shareholding in Bank of China Ltd<601988><3988> to 67.5279% from the 67.5258% it held earlier, said the state-owned bank yesterday.

BOC said in a statement that Central Huijin bought about 5.13 million A shares of the lender. Central Huijin now holds about 171.41 billion A shares of BOC.

The bank also said that Central Huijin plans to continue to raise its stake in the lender via the secondary market during the next 12 months.

BOC said in late September that Central Huijin, in the past year bought an additional 81.61 million A shares of the bank, or 0.03% of the lender's total share capital, according to an earlier report from China Knowledge.