Qatar Holding Invests in 22.22% Stake in CITIC Capital Holdings Limited
According to the press release, “CITIC Capital Holdings Limited (CITIC Capital) is pleased to announce that Qatar Holding LLC (Qatar Holding) has subscribed for new shares in CITIC Capital, equivalent to 22.22% of the ownership in CITIC Capital. After issuance of the new shares, CITIC Pacific Limited and CITIC International Financial Holdings will jointly hold a 42.78% stake in CITIC Capital; China Investment Corporation another 31.11%; and the management and the trustee of the share scheme of CITIC Capital the remaining 3.89%.
‘We warmly welcome Qatar Holding to be our new shareholder,’ said Yichen ZHANG, Chief Executive Officer of CITIC Capital. ‘Not only will Qatar Holding provide us with an enlarged capital base to fund our business expansion and investments, its significant backing will strengthen our brand positioning meaningfully as the most preferred and committed partner to invest with, both in and outside China. I am confident that the expanded shareholder base will further strengthen our business network and resources, and vitalize us to continue to pursue high standards of governance. We look forward to working closely with Qatar Holding, in addition to our existing shareholders, China Investment Corporation and CITIC Group, who will continue their commitment and strong support to us.’”
Read more: Press Release