Wednesday, March 2, 2011

Singapore's Temasek subscribes to NIB Bank's rights offer

Temasek Holdings Pte has subscribed to NIB Bank’s rights offering, the Pakistani lender said in a statement to the Karachi Stock Exchange. Singapore’s state-owned investment company bought 6.35 billion rupees (94 million) of NIB Bank’s shares, representing its portion of the rights offer, the lender said.

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