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In a statement filed with the Shanghai Stock Exchange, the Chinese bank said all H-shares in the deal were transferred to Bank of America on Nov 28, raising the US bank's ownership in CCB to 19.13 pct from 10.75 pct.
Bank of America has committed to a holding period running to Aug 29, 2011, during which it cannot transfer the shares without CCB consent.
H-shares of China Construction Bank closed at 4.10 hkd yesterday in Hong Kong, down 4.21 pct.
(1 usd = 6.85 yuan; 7.8 hkd)
zachary.wei@xfn.com
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