November 16 -- Sigapore’s sovereign wealth fund Temasek Holdings, along with a number of Chinese institutional investors, purchased 10.4 billion China Construction Bank (601939.SH, 0939.HK) shares from Bank of America for about $6.6 billion, reports 163.com, citing Financial Times.

The shares purchased are equivalent to four percent of China Construction Bank’s total share capital, according to the report.

Bank of America said the share sale is expected to generate earnings of $2.9 billion, or after-tax net profit of $1.8 billion.