Citic Resources

Business Digest, February 4, 2013

Tao Liming

Qihoo 360 Technology chairman Zhou Hongyi said the antivirus company was willing to acquire stakes in smaller firms, as it competed against larger rivals such as Baidu and Tencent. 

Monday, 4 February, 2013, 4:04am

Convicted insider trader abandons final appeal

Du Jun

Former Morgan Stanley managing director Du Jun, who was convicted in Hong Kong's biggest-ever insider trading case, has withdrawn his application to appeal against the decision.

3 Jan 2013 - 4:36am

Investors in insider trading case face delay in getting money back

Du Jun

Investors are not expected to receive compensation anytime soon from Hong Kong's biggest insider trader and former Morgan Stanley managing director, Du Jun.

A court yesterday heard that Du is seeking to appeal to the Court of Final Appeal - the top court in the city - after the Court of Appeal dismissed his appeal against conviction last month.

6 Oct 2012 - 4:42am



Dip in first-half profit at Citic Resources

27 Aug 2012 - 5:05am

Inside trader says he made 'only' HK$1.7m on deals

The man convicted of Hong Kong's biggest insider dealing case yesterday argued in the Court of Appeal that he made 'only' HK$1.68 million in profit from his HK$87 million of illegal trades, in a bid to reduce the fine.

28 Apr 2012 - 12:00am

Citic has HK$10b to buy oil and coal resources

Armed with HK$10.78 billion in cash, Citic Resources Holdings is seeking to acquire coal and oil resources in China and other countries.

6 Mar 2012 - 12:00am

Citic arm to sell Macarthur stake

Shares in Citic Resources rose 24 per cent yesterday after the company, a unit of state-owned Citic Group, said it would sell its stake in Australian miner Macarthur Coal.

Citic Resources and Citic Group are selling their combined 25 per cent of Macarthur to two bidders for the Queensland-based coal company, European steelmaker Arcelor Mittal and US miner Peabody Group.

22 Oct 2011 - 12:00am

Corrections & clarifications

In an article about Citic Resources Holdings on B3 yesterday, the ratio of its rights share issue was incorrectly reported as three rights shares for every 20 existing shares. The company aims to sell 1.82 billion new shares at a ratio of three rights shares for every 10 existing shares.

6 May 2011 - 12:00am

Rights issue to cut debt levels at Citic Resources

Citic Resources Holdings, the oil and non-ferrous-metals arm of state-backed conglomerate Citic Group, plans to raise HK$2.5 billion through a rights shares issue to cut debt and fund future investments.

5 May 2011 - 12:00am

Citic Resources puts up cash for development

Oil and metals producer Citic Resources Holdings has budgeted US$176 million this year for its share of the development of its 90 per cent-held Yuedong offshore oilfield northern China, said chief executive Zeng Chen. It has also set aside US$60 million for its half-stake in the Karazhanbas oilfield in Kazakhstan, and US$20 million on its 51 per cent-held Seram Island in Indonesia.

29 Mar 2011 - 12:00am

Citic Resources leaps over spin-off report

Shares of Citic Resources Holdings rose the most in more than two years after the company announced plans to spin off its manganese unit to raise funds for expansion.

The stock surged as much as 18.75 per cent to HK$1.71, its biggest gain since January 16, 2006, before finishing at HK$1.57, up 9.03 per cent.

9 Sep 2008 - 12:00am

Corrections & clarifications

The article, 'Citic eyes US$800m mining spin-off', published on Monday should have identified Kong Dan as the current Citic chairman.

23 Apr 2008 - 12:00am


Today Final: Agile Property, Bonjour Holdings, Chia Tai Enterprises, China Assets, China Golden Development, China Financial Leasing, China Southern Airlines, Chinney Alliance, CITIC Resources, Daido Group, Dalian Port (PDA), Dream Int'l, eForce Holdings, First Shanghai Investments, First Tractor, Founder Holdings, Galaxy Entertainment, Golik Holdings, Great Wall Technology, Greater China Holdi

18 Apr 2008 - 12:00am


Today 1st Quarter: Inspur International

17 Apr 2008 - 12:00am

Temasek plans to raise stake in Citic unit

Temasek Holdings, the investment arm of the Singapore government, plans to increase its stake in Citic Resources Holdings to strengthen its position as the second-biggest shareholder of the mainland oil and coal firm, sources said.

11 Jul 2007 - 12:00am