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Provider: Reuters Investment Profile
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CITIC Securities Co Ltd to Acquire 10% of ChinaAMC


Tuesday, 21 May 2013 08:00pm EDT 

CITIC Securities Co Ltd announced that it will acquire a 10% stake in China Asset Management (ChinaAMC), a China-based fund management company, from a Wuxi-based development group, for RMB 1.6 billion. The Company currently holds a 49% stake in the target company.