Japan's Itochu and Thailand's Charoen Pokphand are buying a 20 per cent stake in Citic. Photo: Reuters

Itochu, Thailand’s Charoen Pokphand buy 20 per cent stake in Citic Limited

Deal reflects Beijing's efforts to encourage private ownership of state-owned firms

Topic |   Citic Pacific

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Japan's Itochu and Thailand's Charoen Pokphand are buying a 20 per cent stake in Citic. Photo: Reuters
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Toh Han Shih

Toh Han Shih

Toh Han Shih was senior Asia correspondent of MLex, a media organisation focusing on regulatory risk, from November 2015 to March 2018. Prior to that, he was a reporter at the South China Morning Post in two stints for roughly 10 years.

Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.