China Huarong Asset Management buys 5% stake in CITIC Ltd
15/11/2023 14:07
Nov 15 (Reuters) - China Huarong Asset Management 2799.HK said on Wednesday that it has agreed to buy a nearly 5% stake in CITIC Ltd 0267.HK from CITIC Polaris for HK$13.63 billion ($1.75 billion). ($1 = 7.8067 Hong Kong dollars) (Reporting by Archishma Iyer in Bengaluru) ((Archishma.Iyer@thomsonreuters.com;))
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