国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Economy

Markets

Industries

Insights

Reports

Events

Temasek likely to sell stake in Minsheng

By Zhang Ran (chinadaily.com.cn)
Updated: 2009-03-09 11:22

Temasek Holdings, the sovereign fund of Singapore, is likely to sell its 2.5 percent stake in China Minsheng Banking Corp Ltd, local media reported.

Dong Wenbiao, chairman of the bank, said the lender is seeking new strategic investors and has been talking with several foreign banks during the 2nd session of the parliament's annual meeting. This triggered speculation that Singapore-based Temasek will quit the bank, Wealth Management Weekly reported on Monday.

Temasek has suffered a loss of $39 billion from investing in financial companies since the global financial crisis hit last year. By the end of 2007, its total investment in financial firms was $90 billion. It is widely expected that Temasek will have to cut its investment in finance in order to survive the crisis.

Both Temasek and Minsheng declined to comment. But the sale is likely to be disclosed when the bank releases its annual results on April 22.