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Temasek trims stakes in Chinese banks

SINGAPORE state investment firm Temasek Holdings has sold part of its stakes in two of China's biggest banks for a total of US$3.62 billion (S$4.45 billion). Temasek offloaded some of its Hong Kong-listed shares in China Construction Bank (CCB) and Bank of China (BOC) - two of China's 'Big Four' - through two holding units, Dow Jones Newswires said, quoting a source familiar with the deal.

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Source: Straits Times

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