CITIC Ltd (0267.HK)
22 Jul 2016
Fri, Jul 22 2016
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
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.