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  1. Citic Pacific asks CIC to take 50pc stake in unit

    Posted Feb 05th 2009, 12:00am by Martin Zhou

    ... Daniel Ren in Shanghai and Martin Zhou in Beijing Embattled Citic Pacific has approached the mainland's US$200 billion sovereign wealth fund to take a 50 per cent stake in Citic ... negotiating with China Investment Corp, though it was uncertain whether a deal would eventually be sealed, sources said. Citic Pacific owns 50 per cent of Citic Capital, an investment and advisory ...

    http://www.scmp.com/article/668867/citic-pacific-asks-cic-take-50pc-stake-unit
  2. Citic Pacific's first-half earnings nearly double

    Posted Aug 19th 2010, 12:00am by Kandy Wong

    ... Kandy Wong State-backed conglomerate Citic Pacific almost doubled its first-half earnings as the company continued to divest non-core businesses in a restructuring that was directed ... demand for special steel, Citic Pacific recorded a net profit of HK$4.88 billion in the first six months, an increase of 97.9 per cent on the previous year. Earnings per share rose to HK$1.34 ...

    http://www.scmp.com/article/722559/citic-pacifics-first-half-earnings-nearly-double
  3. Younger Yungs at Citic Pacific may get the axe

    Posted Apr 11th 2009, 12:00am by Eric Ng, Peggy Sito

    ... Eric Ng, Jasmine Wang and Peggy Sito Citic Pacific chairman Larry Yung Chi-kin's resignation this week has turned the spotlight on other Yung family members at the company who may ... on the board, it would look like he is acting as a proxy of his father.' Mr Yung's daughter, Frances, was demoted and received a pay cut on October 21 last year. A day earlier, Citic Pacific ...

    http://www.scmp.com/article/676449/younger-yungs-citic-pacific-may-get-axe
  4. Citic Pacific pledges return to profit

    Posted Mar 26th 2009, 12:00am by Kandy Wong

    ... Kandy Wong Citic Pacific said it was confident of a return to profitability this year after posting a net loss of HK$12.66 billion for last year, its first in almost 20 years, after huge ... a US$1.5 billion bailout from its Beijing-based parent, Citic Group. For the first time, Citic Pacific will not pay a final dividend. The company's net loss was HK$8.32 billion for the six ...

    http://www.scmp.com/article/674665/citic-pacific-pledges-return-profit
  5. Time to restore the good name of Citic Pacific

    Posted Apr 10th 2009, 12:00am by Staff Reporter

    ... The financial crisis has ruined many once-stellar reputations around the world. Hong Kong is no different. The resignation of Larry Yung Chi-kin as head of Citic Pacific has ended one ... long been one of the country's richest men. His father was the late state vice-president Rong Yiren, who founded Citic Group, the mainland parent of Citic Pacific. With help from Mr Fan, ...

    http://www.scmp.com/article/676391/time-restore-good-name-citic-pacific
  6. Citic Pacific to offload A$ bets

    Posted Nov 13th 2008, 12:00am by Staff Reporter

    ... Staff Reporter Mystery buyer lined up for unauthorised currency contracts with losses of HK$15b State-owned conglomerate Citic Pacific has arranged for an unknown third party to take over unauthorised Australian currency derivative contracts that involve losses of HK$15 billion, a reliable source says. The move will cap Citic Pacific's loss. Together with a cash injection of US$1.5 ...

    http://www.scmp.com/article/659933/citic-pacific-offload-bets
  7. Citic Pacific bailout is best option, says chairman

    Posted Dec 20th 2008, 12:00am by Carol Chan

    ... Carol Chan Larry Yung Chi-kin, chairman of Citic Pacific, said yesterday the plan by its parent company to bail it out following currency losses is the firm's best option. He would ... Citic Group, despite criticism the deal was unfair to minority shareholders. Mr Yung, 66, who is the second-largest shareholder in Citic Pacific, with a 19 per cent stake, and Mr Fan have been ...

    http://www.scmp.com/article/664423/citic-pacific-bailout-best-option-says-chairman
  8. Citic Pacific and Foxconn lead rebound in blue-chip laggards

    Posted Jan 03rd 2009, 12:00am by Carol Chan

    ... Carol Chan Shares of Citic Pacific and Foxconn International Holdings, both among the top five blue-chip losers last year, rose sharply on the first day of trading for this year ... and Techtronic Industries. But market watchers warned that the rally might be short-lived and urged investors to be cautious. Citic Pacific, which was rescued by state-owned parent Citic Group after its ...

    http://www.scmp.com/article/665638/citic-pacific-and-foxconn-lead-rebound-blue-chip-laggards
  9. Citic Pacific hires Unicom veteran in mainland push

    Posted Jan 30th 2004, 12:00am by Ben Kwok

    ... Hui Yuk-min and Ben Kwok Red-chip conglomerate Citic Pacific has poached China Unicom executive vice-president Shi Cuiming, hoping his extensive experience and connections can give its ... in the next couple of weeks, marking a generational transition among the carrier's top management. A Citic Pacific spokesman declined to comment on Mr Shi's appointment. Mr Shi's ...

    http://www.scmp.com/article/442672/citic-pacific-hires-unicom-veteran-mainland-push
  10. Citic Pacific hires Unicom veteran in mainland push

    Posted Jan 30th 2004, 12:00am by Ben Kwok

    ... HUI YUK-MIN and BEN KWOK Red-chip conglomerate Citic Pacific has poached China Unicom executive vice-president Shi Cuiming, hoping his extensive experience and connections can give its ... in the next couple of weeks, marking a generational transition among the carrier's top management. A Citic Pacific spokesman declined to comment on Mr Shi's appointment. Mr Shi's ...

    http://www.scmp.com/article/442736/citic-pacific-hires-unicom-veteran-mainland-push

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