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CITIC Ltd (0267.HK)

0267.HK on Hong Kong Stock

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Latest Key Developments (Source: Significant Developments)

Citic says striking-off of a subsidiary Gaoyang Bishuilantian Water Co. Ltd
Thursday, 20 Oct 2016 05:56am EDT 

Citic Ltd <0267.HK> : Striking-Off of a subsidiary Gaoyang Bishuilantian Water Co. Ltd . Citic Ltd - United Envirotech Water Resource (Gaoyang) Co has been incorporated to assume existing business, concessions, assets and liabilities of BSLT .Citic- striking-off has no material effect on net tangible assets per share or earnings per share for FY ending 31 Dec 2016.  Full Article

Digital Domain enters into subscription agreements with Citic Ltd and SBCVC Digital Fund
Friday, 30 Sep 2016 09:34am EDT 

Digital Domain Holdings Ltd <0547.HK> : Entered into subscription agreements with citic limited and sbcvc in relation to subscription . Gross proceeds and net proceeds from subscription will be approximately hk$200 million and hk$199.85 million respectively . Citic, sbcvc and zheng hao acquired from harmony energy convertible notes in principal amount of hk$84 million, hk$84 million, hk$22.5 million respectively . Proceeds are intended to be applied towards media entertainment segment .Co has conditionally agreed to allot and issue an aggregate of 363.6 million shares to subscribers at subscription price of hk$0.55 per subscription shar.  Full Article

Itochu aims to operate Chinese hospitals with Citic - Nikkei
Monday, 19 Sep 2016 12:52pm EDT 

Nikkei: Itochu aims to operate Chinese hospitals with Citic - Nikkei . Itochu and Citic Medical & Health Group agreed Monday to conduct roughly six-month feasibility study - Nikkei . Citic Group likely would be majority shareholder, with Itochu buying remaining stake in a deal estimated at tens of billions of yen - Nikkei .Itochu and Citic affiliate look to establish a venture afterward - Nikkei.  Full Article

China's Bosideng tries again to issue shares to Itochu-Citic team- Nikkei<0267.HK><3998.HK><8001.T>
Wednesday, 7 Sep 2016 06:39pm EDT 

Nikkei : Bosideng International Holdings announced plans to issue shares to an Itochu and CITIC special-purpose company- Nikkei . Bosideng is issuing the shares as a swap for 24 billion yen ($235 million) in loans extended by the special-purpose company -Nikkei . After the deal is settled, the Itochu-CITIC team's stake in Bosideng will grow from roughly 23% to 36% - Nikkei .  Full Article

Tokyo Commodity Exchange is allying with futures arm of China's Citic Group - Nikkei
Wednesday, 31 Aug 2016 02:01pm EDT 

: Tokyo Commodity Exchange is allying with the futures arm of chinese conglomerate Citic Group - Nikkei . Tocom signed a memorandum of understanding Wednesday on a strategic partnership with the Hong Kong subsidiary of Citic Futures - Nikkei . TOCOM and Citic Futures will jointly perform marketing activities targeting individual investors in China - Nikkei . New framework will also be implemented to allow the Hong Kong subsidiary of Citic Group to directly place orders with Tocom - Nikkei Source - (http://s.nikkei.com/2cf5S7a) Further company coverage: [0267.HK] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

CITIC says group enters into strategic cooperation agreement with two parties<0267.HK>
Tuesday, 30 Aug 2016 06:49am EDT 

CITIC Ltd <0267.HK>: Voluntary announcement - signing of strategic cooperation agreement by the controlling shareholder of the company <0267.HK> . CITIC Group entered into strategic cooperation agreement with Asiainfo Technologies (China) Co., Ltd. and Global Infotech Co., Ltd. . Deal to conduct cooperation with companies through unit in construction and operation of cloud platforms and big data platforms and others .  Full Article

CITIC Ltd HY profit for the period attributable HK$20.18 bln<0267.HK>
Friday, 26 Aug 2016 12:08am EDT 

CITIC Ltd <0267.HK>: Board recommends an interim dividend of HK$0.10 per share to shareholders . HY net interest income HK$ 64.32 billion versus HK$ 63.72 billion . HY profit attributable HK$20.18 billion versus HK$37.69 billion . Says HY total revenue HK$183.97 billion versus HK$196.56 billion .  Full Article

CITIC Ltd's unit buys more H-shares in China Citic Bank
Thursday, 4 Aug 2016 06:24am EDT 

China Citic Bank Corp Ltd <601998.SS><0998.HK> :Says CITIC Ltd's <0267.HK> unit has bought 149.3 million H-shares in the co between July 7-August 1, taking holdings to 65.5 percent after transaction.  Full Article

CITIC issues profit warning<0267.HK>
Friday, 22 Jul 2016 07:27am EDT 

CITIC Ltd <0267.HK>: Profit warning <0267.HK> . Expected that CITIC Limited will record decline in net profit attributable to ordinary shareholders of approximately 40% - 50% for HY . Overall decline in completed and delivered property projects has resulted in decrease in profit for property business . Proposed sale of China residential property projects resulted in restructuring related tax payments and other expenses to be booked in HY .Expects to record gain from transaction of proposed sale of China residential property projects in second half of 2016.  Full Article

CITIC adds holdings in China CITIC Bank
Thursday, 30 Jun 2016 07:55am EDT 

China CITIC Bank Corp Ltd <601998.SS><0998.HK> : Says chairman Chang Zhenming resigns due to change in job role . Says Li Qingping elected as chairwoman .Says CITIC Ltd's <0267.HK> unit has bought 119.2 million H-shares in the company between June 16-30.  Full Article

CITIC aims to cut costs at Sino Iron project, ramp up output

LONDON, Nov 28 CITIC Pacific Mining's Sino Iron project in Western Australia is ramping up production and expects to export more than 10 million tonnes this year, its chairman said on Tuesday, adding the goal was to become the world's lowest cost producer.