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China Construction seeks to sell 4% stake

June 18, 2007

Charlotte (N.C.) Business Journal: China Construction Bank Corp. is working to sell nearly 4 percent of its shares on the Shanghai Stock Exchange. In June 2005, Charlotte-based Bank of America Corp. bought a 9 percent stake in China Construction as part of a $3 billion deal, marking the largest purchase of stock in a Chinese bank by an overseas lender.
 
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Read also,B of A, China Construction Bank cut ATM fees.
 

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