62 billion ConstructionBank shares at HK3

He might be their marquee player, but look out for Luiz Suarez, the Ajax man. He is in absolutely sensational form at the moment and is firing up record goalscoring streaks up in the Dutch Eredivisie. It might not be the best league in the world, but he is certainly its best player and I have a feeling he is destined for bigger things. Quick on his feet, silky with his dribbles, and deadly with goal in sight, he might turn out to be one of the stars of the tournament if Uruguay advances deep into the competition. Indeed, him and Forlan will form the fulcrum of the team that will go to South Africa.It will not be easy with their group also containing Mexico and France, but they are one team worth watching. Fast through the midfield and deadly in attack, I expect this team to score goals.

Might spring a surprise or two if they are on their game, especially the versatile Suarez, who can play on the right wing or as a second striker.Probable Formation-4-4-2. LONDON(Business Wire)Please be advised the following issue has been repurchased for EUR 10,000,000 on21/10/2008Signum - SERIES - 2004-06 - ISIN - XS0208795053 - MD - 19/1/2015 - O/S NOM - EUR10,000,000The outstanding balance will therefore be EUR 0Please amend your records accordingly Signum Ld Copyright Business Wire 2009. (Recasts first paragraph; adds Bank of America andConstruction Bank comments, details throughout) Stocks Mergers & Acquisitions IPOs Funds News ETFs News China By Tony Munroe HONG KONG, Jan 7 (Reuters) - Bank of America Corp (BAC.N),coping with tough economic conditions, raised $2.83 billion byselling part of its stake in China Construction Bank Corp(601939.SS), and Hong Kong's richest tycoon sold a $500 millionstake in rival Bank of China (3988.HK). Shares in China's big banks skidded on Wednesday after thesale by the largest U.S bank by assets. Investors expectedfurther sales in the face of slowing earnings growth atmainland lenders and the lapse of lock-up provisionsrestricting sales. China's three largest banks had attracted big strategicinvestments from Western financial groups at the time of theirinitial public offerings. Some of those banks, including RoyalBank of Scotland Plc (RBS.L), are now under pressure to sell asthe global financial crisis ravages the banking industry.

Bank of America sold more than 5.62 billion ConstructionBank shares at HK$3.92 apiece, according to a term sheetobtained by Reuters. The sale reduces the bank's stake in theBeijing-controlled lender to 16.6 percent from 19.1 percent. The terms represented a 12 percent discount to ConstructionBank's Tuesday closing stock price. Bank of America realised aprofit of about $1.13 billion, based on Construction Bank's IPOprice in 2005 The U.S bank acquired its initial stake aheadof the IPO.

"The news has been expected, but investors will still takeit hard because (Bank of America) will most definitely sellmore," said Francis Lun, general manager with FulbrightSecurities in Hong Kong. "They need the money." Bank of America is raising money amid a broad downturn forU.S. The bank and Merrill were awarded a $25 billion infusion aspart of the U.S. government's $700 billion banking industrybailout, but some analysts believe more capital may be needed. "Bank of America is reducing its China Construction Bankshares due to its consideration of its own financial conditionsunder the current severe turbulence of the internationalfinancial crisis," Construction Bank said in a statement."Construction Bank expresses its understanding." Bob Stickler, a Bank of America spokesman, said the bankwill remain Construction Bank's second-largest shareholder anda "long-term strategic partner." "We simply took a little money off the table," he said. HIGH BARRIERS A foundation controlled by tycoon Li Ka-shing was later onWednesday selling Bank of China shares worth up to $524million. Li, the chairman of conglomerate Hutchison Whampoa Ltd(0013.HK) and property developer Cheung Kong (Holdings)(0001.HK), was selling 2 billion shares at HK$1.98 to HK$2.03each, according to a term sheet.