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  • September 22, 2014
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  1. Business - Companies - ANALYSIS

    Citic's mega takeover deal comes as win-win for Beijing and Hong Kong

    Posted Mar 28th 2014, 01:40am by George Chen

    ... about the company will not be made without approval by the very top-level mainland leaders. That is to say the asset purchase of Citic Group by Citic Pacific, the Hong Kong-listed ... thinking, such as letting the "son" (Citic Pacific) acquire its "father" (Citic Group in this case). Such a son-to-acquire-father-move is controversial in that it rarely happens ...

  2. Citic Pacific chief takes leave from Exco

    Posted Oct 25th 2008, 12:00am by Staff Reporter

    ... Albert Wong and Yau Chui-yan Citic Pacific managing director Henry Fan Hung-ling took leave of absence from the Executive Council yesterday with immediate effect and for an indefinite ... There should be no excuse for a person in his senior position not being aware of Citic Pacific's financial condition,' he said. Politicians from across the board welcomed the move, but some ...

  3. Citic Pacific bullish after profit surge

    Posted Aug 23rd 2007, 12:00am by Denise Tsang

    ... Denise Tsang Citic Pacific, the property-to-metals conglomerate whose bottom line has been inflated by asset sales, expects recurring profit this year will not be less than last ... Holdings, net profit leapt 44 per cent to HK$4.96 billion or HK$2.25 per share. Citic last year recorded HK$2 billion in exceptional gains from trimming interests in Cathay Pacific Airways and Hong ...

  4. Citic Pacific profits surge on disposals

    Posted Mar 16th 2007, 12:00am by Carol Chan

    ... Carol Chan Sale of Festival Walk and Cathay stake helps lift earnings to record HK$8.27b Steel-to-property conglomerate Citic Pacific said yesterday profit doubled last year, thanks to one-time gains from sales of a stake in Cathay Pacific Airways and the shopping centre Festival Walk, as well as property revaluation. Net profit surged to a record HK$8.27 billion, up 107 per cent ...

  5. Property pair acquire Citic Pacific division

    Posted Mar 23rd 2005, 12:00am by Peggy Sito

    ... Peggy Sito Cheung Kong (Holdings) and Hutchison Whampoa have jointly acquired a property division from Citic Pacific for $880 million. The two compnies announced on Monday night an agreement to buy Harvest Country, which owns several residential sites in Yuen Long totalling 175,367 square feet. Cheung Kong executive director Grace Woo Chia-ching said the purchase reflected ...

  6. Volunteering is done by the book at Cathay Pacific

    Posted Jul 01st 2011, 12:00am

    ... The stories of the volunteering works of 38 Cathay Pacific Airways employees are told in a book entitled Flying High with 38 Hearts of Gold. Many of the 38 were at the book's launch at Cosmos Books, Wan Chai, on Wednesday. Dennis Owen, from Cathay North America marketing, told of the orphans he and his wife saw in Vietnam when they adopted 10 years ago. 'I remember walking ...

  7. Citic plans HK listing of telecoms subsidiary

    Posted Jan 15th 2007, 12:00am by Staff Reporter

    ... Wong Ka-chun Mainland group hires BNP Paribas to arrange US$150m spin-off in May Hong Kong-listed conglomerate Citic Pacific has hired BNP Paribas to help arrange the spin-off of its ... Chi-kin, Citic Pacific is part of Beijing-based conglomerate Citic Group. On Wednesday last week the company said that it was considering a proposal to spin off its interest in Citic 1616 Holdings ...

  8. Lai See

    Posted Nov 09th 2011, 12:00am

    ... know money Larry Yung Chi-kin, who resigned as chairman of Citic Pacific in April 2009, just after police raided its Hong Kong offices, has reportedly sold Birch Grove House, once the home ... exchange deals, or he'd probably still be chairman of Citic Pacific, and the company would be US$1.9 billion better off. No tai-tais with mai-tais at the AWA We don't normally do bazaars, ...

  9. 'No urgency' to sell stakes in harbour tunnels

    Posted Oct 24th 2008, 12:00am by Staff Reporter

    ... Albert Wong Citic Pacific could consider selling its stakes in the Eastern and Western harbour tunnels but there was no pressing need to do so, the company's managing director Henry ... with a suitable price, then we will consider [selling the stakes].' Citic Pacific has a 71 per cent stake in the Eastern Harbour Tunnel and a 35 per cent stake in the Western Harbour Tunnel. Mr Fan ...

  10. Nina Wang buys into Citic 1616

    Posted Mar 17th 2007, 12:00am by Staff Reporter

    ... valued-service provider is being spun-off from Hong Kong-listed mainland conglomerate Citic Pacific, Ms Wang, Asia's richest woman, and Mr Ying took US$15 million in shares each, while ... this year's earnings, the document said. Twenty-three per cent of the shares are new while the remainder are being sold by parent company Citic Pacific, which is 29 per cent owned by the state ...




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