Bank of America (BOA) confirmed on Wednesday it has sold 5.6 billion shares in China Construction Bank (CCB), raising 2.8 billion USD, CNN Money reported. The US lender's stake in CCB fell to 16.6% from 19.1% after the sale. The report said that shares in China's second-largest lender by assets after Industrial & Commercial Bank of China were sold at 3.92 HKD each or a 12% discount to the bank's closing price on Tuesday of 4.45 HKD.
