Bank of China and Temasek Sign Strategic Investment Agreement

Posted on 08/31/2005


According to the press release, “Bank of China Limited (“Bank of China”) and Temasek Holdings (Private) Limited (“Temasek”) jointly announced today that, following negotiations and discussions by the two entities, Temasek will, through its wholly-owned subsidiary Asia Financial Holdings (‘AFH’), acquire a 10% interest in Bank of China for US$3.1 billion. Temasek has also undertaken […]