CITIC Ltd (0267.HK)
SINGAPORE, July 22 China's conglomerate CITIC Ltd expects its net profit to roughly halve in the first half of the year due to lower property sales, a sluggish stock market and a depreciation of the yuan currency.
* Says chairman Chang Zhenming resigns due to change in job role
* Says it issued 5 billion yuan worth of super short-term debentures, with a term of 89 days and coupon rate of 2.91 percent
* Says Citic Ltd has bought 137.3 million H-shares in the company between April 11 to May 18, taking holdings to 64.6 percent
(The following statement was released by the rating agency) HONG KONG, March 15 (Fitch) Fitch Ratings says China Overseas Land & Investment Limited's (COLI, A-/Stable) HKD37.08bn (CNY31bn) acquisition of the CITIC Group's property portfolio supports the Chinese property developer's rating. Fitch believes the transaction will not result in a sustained substantial increase in COLI's leverage. This is because it will pay for the transaction via share issuance of HKD29.724bn and with assets wor
HONG KONG, March 14 Chinese conglomerate CITIC Ltd said on Monday it will sell its residential property business in the mainland to China Overseas Land & Investment Ltd for 31 billion yuan ($4.8 billion), as it focuses on commerical property.
* Says the bank will sell its over 3 percent stake in Citic Bank when financial markets improve though is not in any hurry Source text for Eikon: Further company coverage: (Reporting by Madrid Newsroom)