Hopu will hold CCB stake for at least two years

"Capital Madman," said Fang Fenglei, who led the Hopu Investment management company, did not sell any stake in CCB (601939.SH,0939.HK) and intended to hold the bank for at least two years.　　A consortium of 4 investors, led by Hopu, bought a 7.3 billion-dollar construction Bank h shares from BofA last week. According to the financial network reported that the Bank of America recently told CCB, its decision to hold its stake in the CCB for a long period of 10%.　　At the moment BofA still holds 10.95% per cent of CCB. However, on the day after the bark of Hopu, two unidentified institutional investors sold a portion of the CCB's H shares at HK $4.88 per share and HK $4.82, a total of $586 million.　　The move sparked speculation in the market that the consortium could profit quickly by selling the shares.　　Magnolia officinalis was not the seller of the placing deal, and its shares were closed in Friday, according to Xinhua overseas financial sources. The other investors who bought CCB's shares were Bank of China (601988,3988). HK) subsidiary of its investment bank-BOC International Asia Limited, China Life Insurance (group) company and Singapore Temasek Holdings.　　In Tuesday, BOC International Asia quickly sold its shares to institutional investors at a price of HK $4.20 per share, at the same price as when it was bought from BofA. Can check the data show, Magnolia officinalis This investment is its four major domestic banks listed shares of the second investment. It bought the bank of China's H shares, worth about 400 million dollars, from RBS in January this year, the first time that Hopu has invested in public companies.　　Hopu is still holding a large share of the stake, according to people familiar with the matter. CCB previously issued a notice that Hopu and Temasek held a total of 4.59 billion U.S. dollars worth of shares in the purchase of the bank.　　Another person familiar with the matter said Temasek's holdings were slightly smaller than $1 billion trillion. Hopu is a 2.5 billion dollar private equity fund, with investors including Temasek Holdings and Goldman Sachs Group.