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.

Citic Pacific shares drop amid fears over losses at iron ore project

2 Mar 2013

Citic Pacific saw its share price drop 5.5 per cent yesterday after analysts slashed profit estimates, following disappointing annual results and amid concerns that the company's Australian iron...

Citic Pacific surges after better-than-expected earnings

28 Feb 2013

Shares of Citic Pacific surged in Hong Kong after its full-year earnings surprised the market on the upside.

Citic's Australian project 2 years from finish line

28 Feb 2013

Citic Pacific, the Hong Kong flagship of state-owned conglomerate Citic Group, yesterday reported a 25 per cent decline in net profit to HK$6.95 billion last year. Excluding non-operating income...

MCC blows budget on iron ore mine, again

5 Feb 2013

It's happened again. Citic Pacific, the state-backed conglomerate building Australia's largest magnetite iron ore project, and its contractor Metallurgical Corporation of China (MCC), disappointed...

Former Citic Pacific executive punished for insider trading

28 Nov 2012

A former senior executive of Citic Pacific was sentenced to 15 months' imprisonment and ordered to pay HK$1.25 million for insider dealing of the company's shares in 2008.

Opinion

Jake Van Der Kamp

An age-old problem and the sums that just don't add up

Howard Winn

HSBC suffers the Taibbi treatment in Rolling Stone

Shirley Yam

How tycoons' IPO 'losses' may hide profits at herd's expense

The Tamar Project - where did it all go wrong for government HQ?

Every now and then we dip into the Hong Kong Yearbook for inspiration. Generally we are not disappointed. Take this item from the 2011 yearbook under the heading Tamar Development Project,...

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Citic Pacific in legal dispute with tycoon over iron-ore payments

Citic Pacific's shares slumped yesterday after it revealed it is in a legal dispute with Australian mining tycoon Clive Palmer over the payment of royalties, adding more uncertainties to its much-...

Clive Palmer's Citic Pacific suit adds to his China risk

The mining cognoscenti in Hong Kong will be familiar with Clive Palmer for having the distinction of having made four unsuccessful attempts to list his company Resourcehouse on the Hong Kong stock...

Briefs, November 20, 2012

CSRC loosens capital rules for brokerages

COURTS

Ex-Citic Pacific executive guilty of insider trading

A former senior executive of Citic Pacific was convicted yesterday of selling shares in the firm before it issued a profit warning in 2008.

TELECOMMUNICATIONS

Citic Pacific unit eyes Macau CTM takeover

Citic Telecom International, a subsidiary of Hong Kong conglomerate Citic Pacific, plans to acquire a controlling interest in Macau's main telecommunications network operator.