Bank of America may let stake shrink in China Construction Bank Corp

BOA 'unlikely' to join rights offer

Bank of America may sell its rights, worth about US$1-billion, to third parties, cutting its stake from nearly 11 to 10.2 percent.

(The source for this info wanted to remain anonymous according to a longer article.)

Bank of America, Li Ka-Shing Reduce China Bank Stakes -- Bank of America sold off $2.8 Billion in Jan 2009. The original acquisition was in 2005 for $3 billion. I have to say, their timing was excellent.