News: CITIC Ltd (0267.HK)
24 May 2016
Mon, Mar 14 2016
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)
BEIJING, Jan 28 China CITIC Bank Corp confirmed on Thursday it has discovered a fraud involving 969 million yuan ($147.37 million) in funds illicitly drawn from its bill financing business.
PERTH Australian billionaire Clive Palmer lost a bid on Monday to get China's CITIC Ltd to pay him a $48 million(31.87 million pounds) advance on disputed royalties he says the Chinese company owes him from its Australian iron ore project.