Temasek exits New China Life via share sell-down
Temasek Holdings has exited its entire stake in New China Life Insurance, China’s third-largest life insurer, raising HK$2.14 billion ($276 million).
According to Reuters, the Singapore sovereign wealth fund had sold 78 million shares in New China Life at HK$27.45 per share on Friday, after offering the stock in a HK$27.30-27.85 apiece indicative range....
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