CITIC Ltd (0267.HK)
23 Jan 2015
MADRID, Jan 23 - Spanish bank BBVA has agreed to sell a 4.9 percent stake in China's CITIC Bank to property developer Xinhu Zhongbao for HK$13.136 billion ($1.69 billion) as it looks to bolster its capital base.
TOKYO/HONG KONG - Japanese trading house Itochu Corp and Thailand's Charoen Pokphand Group (CP) said on Tuesday that they plan to jointly invest $10 billion in Citic Ltd, part of China's oldest and biggest conglomerate.
* Citic's shares up 1.5 pct, Itochu's down 2.5 pct (Adds dateline, company's comments, details on deal)
SYDNEY, Jan 20 - Chinese conglomerate CITIC Ltd warned on Tuesday its 2014 profit would be lower due to an impairment of $1.4 billion to 1.8 billion on its Australian Sino Iron mining project, which was hit by falling global iron ore prices.
SHANGHAI, Jan 20 - China's biggest brokerage CITIC Securities Co Ltd has denied engaging in insider trading after media reports asked why its biggest shareholder CITIC Limited had sold shares in the broker before a regulatory ban last week.
* Says denies market rumours that Citic Ltd sold its shares as it knew about regulator's crackdown beforehand
HONG KONG, Dec 15 - Hong Kong's securities regulator said on Monday that the hearing of its suit against CITIC Ltd and five former directors for alleged market misconduct relating to foreign exchange contracts would be held at the end of 2015.
HONG KONG, Dec 5 - CITIC Ltd is in early talks with companies including Japan's Itochu Corp and Thailand's Charoen Pokphand Group (CP) about a large share placement, a person familiar with the matter said, as the Chinese state-owned conglomerate tries to broaden its investor base.
* CITIC Group completed ambitious reform in August (Recasts with source confirmation, share reaction)
HONG KONG, Dec 5 - Chinese state-owned conglomerate CITIC Ltd said on Friday it is still in discussions with potential investors, following a report in the Wall Street Journal that Japan's Itochu Corp and Thailand's Charoen Pokphand Group (CP) are in talks to buy a stake in the company.