$600 million would be invested by Singapore state investment agency Temasek Holdings in order to raise its stake in China Construction Bank to 6.5 percent from 6 percent.

A source familiar with the matter said that with the aim to enhance Temasek’s equity stake in CCB, the world's second-largest lender by market value, the company is mulling to pay $600 million.

As per the media reports, the investment would boost Temasek's holding to 6.5 percent, or 14.3 billion shares.

This month also saw Bank of America (BAC.N) selling $7.3 billion worth of shares in CCB to a group of investors with the aim to raise cash after regulators ordered it to raise a capital of $33.9 billion.

Temasek is concentrating its focus once more on emerging markets and it recently sold its 3 percent stake in Bank of America in the first quarter of this year and incurred a $3 billion loss.

(via TopNews Singapore. Contributed by Jaideep Kumar)