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Itochu, Charoen Pokphand To Acquire 20% Of CITIC Limited For $10.4B
Aggregated Source: China Money Network
Japanese corporation Itochu Corporation and Thai conglomerate Charoen Pokphand Group are to jointly acquire a 20% stake in Hong Kong-listed financial services firm, CITIC Limited, for approximately HK$80 billion (US$10.4 billion), according to a company announcement. The investment will be made through a joint investment vehicle, Chia Tai Bright Investment Company Limited, of which Itochu […]

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