35 canada goose store per share, or at a discount of 2

35 canada goose store per share, or at a discount of 2

7 bln canada goose factory sale sale cheap Canada Goose in Canada Goose Parka Chinese banks

Moody warns on Chinese banks outlook

By Denny Canada Goose sale Thomas and Fiona Lau

HONG KONG, July 5 (Reuters) Singapore state investor Temasek Holdings launched a $3.7 billion canada goose black friday sale sale canada goose uk black friday in two Chinese state owned banks late on Canada Goose Coats On Sale Tuesday, buy canada goose jacket cheap according to a term sheet seen by Canada Goose Jackets IFR, in a move canada goose clearance sale aimed at trimming its exposure to financial sector.

Temasek, which canada goose has canada goose uk outlet about $152 billion under management, had about 37 percent invested in financial sector. A 19 percent stake in Standard Chartered Bank plc and Singapore DBS Holdings are among its like it prominent holdings.

Fullerton Financial Holdings, a unit of Temasek, is offering to sell 5.19 billion shares Bank of China in a range of HK$3.60 3.67 each, a discount canadian goose jacket of Canada Goose Outlet between 4.92 6.75 percent to Tuesday close, the term sheet showed.

Separately, Cairnhill Investments and Crescent Investments, two other Temasek units, were offering 1.5 billion shares in China Construction Bank at HK$6.22 $6.35 canada goose store per share, or at a discount of 2.01 4.01 percent to their last traded price.

The funds are prohibited from selling further shares for three months, the sheet showed.

A Temasek spokesman buy canada goose jacket declined Canada Goose online to comment.

Temasek offering of CCB shares comes less cheap canada goose uk https://www.canadagooseoutletshop.co.uk/ than a year after it agreed to buy a $1.55 billion stake by participating in the rights offer. Temasek also acquired Bank of America Merrill Lynch rights at that time.

The sale also comes ahead of the release of Temasek annual report later this month. Temasek acquired stakes in uk canada goose outlet Barclays and BofA during canada goose coats the financial crisis, though canada goose clearance it has exited those stakes. Since then Temasek has been canada goose coats on sale paring exposure to the financial sector.

On Tuesday, Moody uk canada goose issued a warning of a possible ratings downgrade for Chinese banks due to their Canada Goose Online higher than expected exposure to local government debt.

Unless China comes up canada goose uk shop with a master plan to clean up the problem, the credit outlook for Chinese banks could turn negative, Moody said earlier on Tuesday.

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