In Focus
INVESTMENT BANKING | Staff Reporter, Singapore
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Temasek may buy BofA's shares in China Construction Bank Corp

But Temasek’s spokesperson neither confirms nor denies the ‘market speculation'.

Bloomberg noted that Singapore’s Temasek Holdings may buy Bank of America’s shares in China Construction Bank Corp.

According to the report, Stephen Forshaw, a spokesman for Temasek, declined to comment on “market speculation.” And Mark Tsang, a Bank of America spokesman in Hong Kong, also had no comment.

Temasek bought shares in the Beijing-based lender in September for as much as HK$21.7 billion ($2.8 billion), about eight weeks after paring its holdings, noted Bloomberg.

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