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CITIC Ltd (0267.HK)

0267.HK on Hong Kong Stock

20 Jan 2017
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Mon, Jan 9 2017

CORRECTED-Citic, Carlyle to buy stake in McDonald's China, HK businesses for $2.08 bln

Jan 9 Citic Ltd and Carlyle Group LP would buy a majority interest in McDonald's Corp's mainland China and Hong Kong businesses for $2.08 billion, the companies said.

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.

China Overseas Land Q3 oper profit doubles on CITIC assets buy

HONG KONG, Oct 18 State-owned property developer China Overseas Land & Investment Ltd said on Tuesday its operating profit in the third quarter jumped 110 percent from a year ago, benefitting from the acquisition of the residential property business of conglomerate CITIC Ltd .

Fitch: China Overseas Land Turns Net Cash Positive; Poised for CITIC Acquisition

(The following statement was released by the rating agency) HONG KONG, August 24 (Fitch) China Overseas Land & Investment Limited's (COLI; A-/Stable) net cash position at 1H16 - its first in more than 10 years - is likely to revert to a net debt position by end-2016 after it completes the acquisition of the property portfolio from CITIC Limited, Fitch Ratings says. Nevertheless, COLI's strong operating cash generation, which helped the homebuilder to turn to net cash position of CNY8.7bn a

BRIEF-CITIC Ltd's unit buys more H-shares in China Citic Bank

* Says CITIC Ltd's unit has bought 149.3 million H-shares in the co between July 7-August 1, taking holdings to 65.5 percent after transaction

China conglomerate CITIC sees H1 net profit down by 40-50 pct

SINGAPORE, July 22 China's conglomerate CITIC Ltd expects its net profit to roughly halve in the first half of the year due to lower property sales, a sluggish stock market and a depreciation of the yuan currency.

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