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CITIC FAMC Plans to Spend Max. RMB50.3B to Buy Shrs of CITIC, BANK OF CHINA, CEB BANK, Others
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CITIC FAMC (02799.HK) intended to further optimize investment paths and intensify efforts in investments based on previous investments, according to CITIC FAMC's announcement. Pursuant to the announcement, the Company proposed to appoint CITIC Securities and CSC as professional advisers. The plan of further promoting investment allocation includes, within the scope of the total investment not exceeding RMB50.3 billion; further acquiring 4.88% of shares of CITIC (00267.HK) for RMB11.266 billion by entering into a share transfer agreement; further acquiring shares of BANK OF CHINA (03988.HK) for not more than RMB26 billion; further acquiring shares of CEB BANK (06818.HK) for not more than RMB4 billion; and entrusting CITIC Trust, CITIC Securities, CSC and China CITIC Bank to make investments by setting up a single asset service trust for not more than RMB20 billion. AAStocks Financial News |
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