 On August 29, 2011, Bank of America announced it would sell approximately half its stake in CCB (13.1 billion shares worth about US$8.3 billion) to an undisclosed group of investors.In September 2013, Bank of America sold its remaining stake in the China Construction Bank for as much as $1.5 billion.In June 2017, China Construction Bank (Malaysia) signs 13 Memorandum of Understandings on its opening day in Malaysia.