HONG KONG – Bank of America is aiming to raise as much as $1.5 billion by seeking to sell its remaining stake in China Construction Bank, according to a copy of a term sheet for the sale seen by DealBook on Tuesday.
Bank of America is marketing its remaining two billion shares in China Construction Bank at a price of 5.63 Hong Kong dollars to 5.81 Hong Kong dollars a share. If successful, the deal will end its eight-year investment in the Chinese lender.
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Neil Gough, The New York Times via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/Fcn4S6xrfOo/
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