Citic Pacific chairman Chang Zhenming hails a "win-win" deal for the red chip's shareholders and its parent firm yesterday. Photo: David Wong

Citic Pacific agrees to asset acquisition from parent

Red chip will pay for assets from parent by issuing it with shares worth 177b yuan and 50b yuan in shares sold to institutional buyers

Topic |   Citic Pacific

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Citic Pacific chairman Chang Zhenming hails a "win-win" deal for the red chip's shareholders and its parent firm yesterday. Photo: David Wong
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