Letters & Statements
Acquisition of ICBC H-shares from Goldman Sachs
Statement in response to media queries
16 April 2012
"Temasek has agreed to acquire 3,550,000,000 H-shares* in Industrial & Commercial Bank of China ("ICBC"), from the Goldman Sachs Group. When completed, our deemed interest in ICBC will be approximately 5.3% of H-shares, or 1.3% of total ICBC shares."
*H-shares are listed on the Hong Kong Stock Exchange; ICBC is also listed on the Shanghai Stock Exchange, which are referred to as “A-shares”