Goldman Sachs has sold HK$17.5bn ($2.25bn) worth of shares in Industrial and Commercial Bank of China, marking its second lucrative disposal of stock in the mainland lender.
The US investment bank on Wednesday offloaded to institutional investors some 3bn Hong Kong-listed shares in ICBC, the world’s biggest bank by market capitalisation, according to people familiar with the matter.
Goldman sold the shares – almost a quarter of its overall holding – for HK$5.74 each.
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