other-sellers-of-ccb-shares-emerge

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 in the afternoon by a smaller trade by yet another undisclosed seller that was done off the trading desk at China International Capital Corp. That trade was for up to 200 million shares at a...

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