Other sellers of CCB shares emerge

One institutional seller raises $474 million in the early hours of Wednesday morning, while another undisclosed party offloads up to $124 million worth of stock during trading hours.

Following the privately negotiated $7.3 billion sale of part of Bank of America's shares in China Construction Bank, which was revealed by various sources on Tuesday but has yet to be confirmed by BoA, a couple of other sellers of CCB stock emerged yesterday.

UBS was first out with a $474 million placement on behalf of an undisclosed institutional seller. The deal was completed in the early morning yesterday and announced before the Hong Kong opening. It was followed...

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