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Now everyone wants to sell their China Construction Bank stakes
Just days after buying CCB shares from Bank of America, China Life Insurance chief Yang Chao says he would consider selling the shares.
According to a report by The Wall Street Journal, China Life and two of its units have recently bought 2.77 billion shares in China Construction from Bank of America. Not subject to a lockup period, the shares are up for potential reselling by China Life.
"We will consider selling these shares as long as the sale does good to the company," said Yang, adding the company sees the purchase made earlier this month as a financial investment.
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