Nov. 18, 2008 (China Knowledge) - Bank of America Corp will raise its shareholding in China Construction Bank (CCB)<601939><939>, one of the Big Four State-owned banks in this country, to 19.13% from the current 10.8%,...
BEIJING/HONG KONG, Oct 23 - China Construction Bank (CCB) <0939.HK>, in which Bank of America <BAC.N> has about an 11 percent stake, reported an 18.6 percent rise in third-quarter profit, beating forecasts, as lending dropped...
Shanghai Construction Ltd Co<600170> may obtain assets worth up to RMB 2.6 billion from its parent, Shanghai Construction Group, sources reported. Shanghai Construction Group is considering transferring a 100% stake in a foundation engineering firm into the Shanghai-listed company, along with a 100% stake...
China Construction Bank Corp (CCB)<601939><0939>, one of the Big Four state-owned banks in China and the world's second-largest lender by market value, is in negotiations with China's Ministry of Finance (MOF) to purchase a stake in state-owned China Cinda Asset Management Corp to tap the securities brokerage...
SHANGHAI, June 12 - China Construction Bank (CCB) <601939.SS> <0939.HK> is interested in taking equity stakes in domestic insurer Happy Life Insurance Co and China Cinda Asset Management Corp, its chairman Guo Shuqing said in...
HONG KONG, May 22 - State-owned Korea Development Bank is selling its stake in Doosan Heavy Industries & Construction Co. <034020.KS>, sources familiar with the matter said on Friday, moving to divest $450 million worth...
Bank of America (BOA) has been in negotiations with Temasek Holdings Pte Ltd, Singapore's sovereign wealth fund, regarding the sale of part of its stake in China Construction Bank Corp (CCB)<601939><0939>, one of the Big Four state-owned banks in China, sources reported on Tuesday, citing...
HONG KONG, May 11 - Hong Kong stocks slipped in uneven trade to close lower on Monday after China Construction Bank came under pressure from concern Bank of America might sell a further stake in...
China's Central Huijin Investment Co Ltd, a wholly-owned subsidiary of China's US$200 billion sovereign wealth fund, China Investment Corp (CIC), denied the rumor that it will acquire most of Bank of America's US$8-billlion stake in China Construction Bank (CCB)<601939><0939>, sources reported, citing an...
SEOUL, May 8 - Seven banks in South Korea have sold a stake in South Korea's Hyundai Engineering & Construction in a block trade at the high end of their offered range, raising a combined...