http://blogs.reuters.com/reuters-dealzone/2009/05/12/bank-of-americas-stalwart-position-in-china/ Behind the deals and deal-makers Wed, 22 May 2013 12:16:03 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/reuters-dealzone/2009/05/12/bank-of-americas-stalwart-position-in-china/comment-page-1/#comment-341971 Nikkei 225 Tue, 12 May 2009 14:34:52 +0000 http://blogs.reuters.com/reuters-dealzone/?p=15000#comment-341971 Desperate measures in desperate times. I still believe it's a mistake to sell those 13.5 billion CCB shares. The 7.3 billion they made is nowhere near the 33.9 billion they need to find. This large stake in CCB is a strategic asset that will be worth its weight in gold in the near future. Temasek knows this very well and probably is delighted to acquire this stake at a discount price. Desperate measures in desperate times. I still believe it’s a mistake to sell those 13.5 billion CCB shares. The 7.3 billion they made is nowhere near the 33.9 billion they need to find. This large stake in CCB is a strategic asset that will be worth its weight in gold in the near future. Temasek knows this very well and probably is delighted to acquire this stake at a discount price.

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