Citic's private placement is subject to shareholders’ approval at an extraordinary general meeting on December 16. Photo: Bloomberg Citic's private placement is subject to shareholders’ approval at an extraordinary general meeting on December 16. Photo: Bloomberg
Citic's private placement is subject to shareholders’ approval at an extraordinary general meeting on December 16. Photo: Bloomberg

Citic Bank aims to raise 11.9b yuan in share placement to tobacco firm

State lender plans to place up to 2.46 billion A shares to raise funds to boost core tier-1 capital

Citic's private placement is subject to shareholders’ approval at an extraordinary general meeting on December 16. Photo: Bloomberg Citic's private placement is subject to shareholders’ approval at an extraordinary general meeting on December 16. Photo: Bloomberg
Citic's private placement is subject to shareholders’ approval at an extraordinary general meeting on December 16. Photo: Bloomberg
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