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CITIC Ltd (0267.HK)

0267.HK on Hong Kong Stock

29 Jul 2016
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Fri, Jul 22 2016

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.

BRIEF-CITIC adds holdings in China CITIC Bank

* Says chairman Chang Zhenming resigns due to change in job role

BRIEF-CITIC issues 5 bln yuan worth super short-term debentures

* Says it issued 5 billion yuan worth of super short-term debentures, with a term of 89 days and coupon rate of 2.91 percent

BRIEF-Citic Ltd bought more H-shares in China Citic Bank taking holdings to 64.6 pct

* Says Citic Ltd has bought 137.3 million H-shares in the company between April 11 to May 18, taking holdings to 64.6 percent

CITIC to sell property assets to China Overseas Land for $4.8 bln

HONG KONG, March 14 Chinese conglomerate CITIC Ltd said on Monday it will sell its residential property business in the mainland to China Overseas Land & Investment Ltd for 31 billion yuan ($4.8 billion), as it focuses on commerical property.

BRIEF-Spain's BBVA to sell Citic bank stake when markets improve

* Says the bank will sell its over 3 percent stake in Citic Bank when financial markets improve though is not in any hurry Source text for Eikon: Further company coverage: (Reporting by Madrid Newsroom)

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