• Mon
  • Oct 20, 2014
  • Updated: 1:28pm

Citic Resources Holdings

Citic Resources says no to aluminium smelter purchases

Citic Resources Holdings, the energy and metals arm of state-owned conglomerate Citic Group, will continue to look for acquisition opportunities but will pursue them in a "cautious" manner, its chief executive said yesterday.

Tuesday, 26 February, 2013, 5:18am

Insider trader's victims may get their money back

Investors who sold shares in energy firm Citic Resources Holdings five years ago may receive money back from the biggest insider trader in the city.

The Securities and Futures Commission (SFC) on Wednesday said it would seek court direction over claims on former Morgan Stanley managing director Du Jun, who was convicted in Hong Kong's biggest-ever insider trading case.

4 Jan 2013 - 2:48am

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 Resources looks to New Zealand project

Citic Resources Holdings, the energy and metals arm of state-backed conglomerate Citic Group, is considering funding a coking coal project in New Zealand and is looking for a mainland buyer for the project's output.

30 Aug 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 eyes US$800m mining spin-off

Citic Resources Holdings, a unit of state-owned conglomerate Citic Group, plans to raise as much as US$800 million by spinning off its manganese assets into a separately listed unit as early as the end of the year, market sources say.

21 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

PetroChina may block Citic's investment in Bohai Bay oilfield

PetroChina, the nation's largest oil producer, may exercise its right to pre-empt Citic Resources Holdings' planned US$150 million acquisition of the development right in a mainland oil project, according to a source close to PetroChina.

24 May 2007 - 12:00am

Citic Resources leaps 13.85pc on Kazakh deal

Updated at 7.08pm: Shares of Citic Resources Holdings, the resources flagship of one of China's largest conglomerates China International Trust & Investment Corp (Citic Group), jumped 13.85 per cent to a record high after it announced US$1.15 billion (HK$9 billion) worth of oil and gas asset acquisitions.

9 May 2007 - 12:00am

Citic Resources stake raises HK$1.7b

Energy and metals trading company poised to buy parent's 50 per cent holding in Kazakhstan oil firm

Citic Resources Holdings has raised HK$1.72 billion from a share sale to bolster its war chest, as it is poised to buy half of its parent company's stake in an oil firm operating in Kazakhstan, according to sources.

10 Feb 2007 - 12:00am

Citic unit spends US$995m to become major oil player

Citic Resources Holdings plans to pay US$995 million for almost half of parent firm Citic Group's oil assets in Kazakhstan, making it China's fourth-largest listed oil producer, according to sources.

24 Jan 2007 - 12:00am

Citic Resources acquires Indonesia oil project

Citic Resources Holdings has made its first overseas foray into the upstream oil sector, agreeing to buy a 51 per cent stake in an oil project in Indonesia for US$97.4 million.

14 Jul 2006 - 12:00am

Caltex weighs licence options

US firm looks ahead if Citic Resources fails to secure mainland approval for fuel retail venture

Caltex says it will look at other options if its would-be partner Citic Resources Holdings fails to secure the central government's approval for their planned fuel retail venture on the mainland by early June.

20 Mar 2006 - 12:00am

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