SWFI First Read, June 20, 2016
Temasek Unit Sells 555 Million H-Shares in CCB
Fullerton Financial Holdings Ptd Ltd, a sovereign wealth enterprise (SWE) of Singapore’s Temasek Holdings, sold 555 million H-shares of China Construction Bank (CCB) on June 16th. At a price of HK$ 5.01 per share, it values the block sold at HK$ 2.78 billion. In total, Temasek reduced its equity H-share ownership in CCB from 5.03% to 4.81%. The holdings are held by two SWEs, Fullerton Financial Holdings and ST Asset Management Ltd.
BNY Mellon Wins GSA Contract for Loan Servicing
On June 14th, 2016, BNY Mellon was awarded a contract from the U.S. General Services Administration (GSA) that enables the company to offer an integrated suite of loan servicing and related support services to a wide range of federal agencies that maintain credit programs such as direct loans and loan guarantee programs. BNY Mellon will deliver the services through its wholly owned subsidiary Colson Service Corporation.
RDIF and Impress Pizzarotti Back Healthcare PPP in St. Petersburg
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