By Alvin Foo

TEMASEK Holdings invested US$600 million (S$877 million) to raise its stake in China Construction Bank (CCB) during Bank of America's recent sale of CCB shares, sources have told The Straits Times.

Last week, it was reported that Bank of America (BoA) had sold 13.5 billion of its CCB shares at HK$4.20 each to a consortium including Temasek, a China Life Insurance unit and Chinese private equity fund Hopu Investment Management.

Asked about its CCB investment, a Temasek spokesman said it was 'inappropriate to comment on market speculation'.

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