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CITIC Ltd (0267.HK)

0267.HK on Hong Kong Stock

11.08HKD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

CITIC Ltd says FY net profit HK$43.12 bln
Thursday, 23 Mar 2017 12:10am EDT 

CITIC Ltd <0267.HK> : FY net profit hk$ 43,119 million versus hk$41,812 million a year ago . board recommends a final dividend payment of hk$0.23 per share .FY total revenue hk$380,822 million versus hk$395,310 million.  Full Article

Citic updates on Sino Iron project, expects impairment of $800 mln to $1 bln in 2016 accounts
Wednesday, 15 Feb 2017 05:20am EST 

Citic Ltd <0267.HK> : Sino Iron Project update . Estimated impairment of USD800 million to USD1 billion (net of tax) is likely to be made in 2016 accounts . Impairment is a non-cash accounting item, but it will reduce company's 2016 reported profits . Despite recent increase in spot price of iron ore, independent forecasts of long-term prices have been lowered . Appealed recent decision made by Western Australian Supreme Court requiring co to make interim payments in advance of royalty B trial .Citic will to work on resolution of matters in dispute with mineralogy, result will have major bearing on long-term viability of sino iron, its profitability and cash flow.  Full Article

McDonald's sells China stake to Citic, Carlyle Group for about $2 bln
Sunday, 8 Jan 2017 11:25pm EST 

Mcdonald's Corp : McDonald's Corp - Citic Limited, Citic Capital, Carlyle Group and McDonald's form strategic partnership to expand in Mainland China and Hong Kong . McDonald's -Citic and Citic Capital will have controlling stake of 52%, while Carlyle and McDonald's will have interests of 28% and 20%, respectively . New company will have a board of directors with representatives from Citic, Citic Capital, Carlyle and McDonald's . McDonald's existing management team will continue to lead business .Consideration will be settled by cash and by new shares in company issued to McDonald's.  Full Article

Citic updates on acquisition of controlling interest in McDonald's Mainland China and HK businesses
Sunday, 8 Jan 2017 11:19pm EST 

Citic Ltd <0267.HK>: deal for at a total consideration of up to us$2.080 billion . acquisition of a controlling interest in Mcdonald's mainland china and hong kong businesses . Purchaser entered into a sale and purchase agreement with, among others, mcdonald's china holdings limited and golden arches investments . Citic's exposure to consideration payable for acquisition will only be up to us$665.6 million . target group will be granted a master franchise to operate mcdonald's restaurants in mainland china and hong kong for a term of 20 years .Existing management team of mcdonald's will remain in target group after closing of transaction.  Full Article

Citic Ltd enters into new framework agreements with Citic Group
Wednesday, 30 Nov 2016 06:01am EST 

Citic Ltd <0267.HK>: Company entered into new framework agreements with citic group .Sales framework agreement has a term commencing from 1 january 2017 and ending on 31 december 2019.  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

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