CSJ: China’s CIC to buy 40% of CITIC Capital
Posted on 07/19/2009
China Investment Corporation (CIC) agreed to buy a 40 percent stake in investment firm CITIC Capital Holdings Ltd, the official China Securities Journal reported on Monday. CIC will buy new shares to be issued by Hong Kong-based CITIC Capital, in which CITIC Pacific and CITIC International Financial Holdings Ltd each hold 50 percent.
