A China Construction Bank (CCB) spokesman said Tuesday that Bank of America decided to sell most of its CCB shares "for its own reasons," and the sales will not affect CCB's development.
Bank of America said Monday that it would sell most of its remaining shares in CCB this month in effort to bolster its capital base.
"The cooperation with Bank of America and other strategic investors has been productive and promoted the continued growth of our businesses," the spokesman said.
Bank of America said Monday that it would sell most of its remaining shares in CCB this month in effort to bolster its capital base.
"The cooperation with Bank of America and other strategic investors has been productive and promoted the continued growth of our businesses," the spokesman said.
