Breaking News, World News and Taiwan News.

Goldman Sachs selling US$1 billion of share holdings in China's ICBC

AFP
January 30, 2013, 12:20 am TWN

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

NEW YORK -- Goldman Sachs is selling US$1 billion worth of shares it holds in the Industrial and Commercial Bank of China (ICBC), China's largest commercial banking group, a person close to the issue told AFP Monday.

The shares were placed on the Hong Kong market Monday at HK$5.77 (US$0.74), the source said.

Goldman's stake in ICBC was some 4.9 percent in 2006, and has since been pared back. The source would not say how much an interest in ICBC the US investment bank would retain after the newest sale.

SHARE CLOSE


Blogger		Google+


Live Journal		Plurk


Stumble Upon

	PREVIOUS ARTICLE
	Moody's downgrades six of Canada's banks on consumer debt, house prices

NEXT ARTICLE
Anglo American announces US$4 bil. write-off following Brazil mine delay

Sponsors
▪	Select hotel by map and save 75% in thousands hotels in Canton, Beijing and 500 cities in China.
▪	Myreviewsnow.net offer you the power of making informed purchases before you buy, with product reviews and online consumer myreviewsnow.net.
▪	"Dress First is the leading supplier of all kinds of dresses. You can buy your favorite suknie ślubne here."
▪	GlobalMarket.com is the largest China suppliers B2B directory can help you find quality made in China products, Promotional Products.
▪	EyewearCanada.com offers prescription glasses from $5.95. 100% Satisfaction guaranteed.
▪	The best place to buy custom tailored prom dress for your big day is at JennyJoseph.com
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Buy cheap eyeglasses online and save up to 80% over regular retail price when you buy prescription eyeglasses at cheapglasses123.com.