| Singapore investment company Temasek Holdings and sovereign wealth fund GIC will plough in another HK$4.3 billion (S$739 million) into Citic Securities, as the Chinese broking firm raises as much as HK$27.1 billion via a placement of new shares to ten institutional investors.
Citic Securities, China’s biggest brokerage by market value, will sell as many as 1.1 billion new Hong Kong-listed shares at HK$24.60 each, it said in a statement filed with the Hong Kong stock exchange. That’s a 19 per cent discount from Monday’s closing price...............................................Full Article: Source
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