Citic Pacific

CITIC Pacific (Hong Kong stock code 0267.HK) is a Hong Kong-based conglomerate which is majority owned by China’s Citic Group in Beijing. Its activities span property, metals and mining, telecoms, and consumer products and its subsidiaries include CITIC Pacific Mining, CITIC Pacific Special Steel and Dah Chong Hong Holdings.

Sales representatives talk to potential buyers in front of a model of a residential complex at a real estate exhibition in Wuhan in 2015. Photo: Reuters

Citic adds a third land parcel to its Wuhan portfolio

Citic Pacific China Holdings, the property unit of the country’s largest state-owned conglomerate Citic Ltd, has agreed to pay 9.92 billion yuan (HK$11.18 billion) to buy a piece of land in the Hubei provincial capital of Wuhan, returning to building apartments a year after disposing of its resid