News: CITIC 1616 Holdings Limited (1883.HK)

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Wed, Jun 24 2009

MERGERS/DEALS (UPDATE 3)

** Chinese retailer Suning Appliance Co will buy a 27.36 percent stake in Japanese electronics retailer Laox , the official Chinese news agency Xinhua said. [ID:nPEK195632]

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CITIC 1616 seeks acquisitions by year-end

HONG KONG (Reuters) - CITIC 1616 Holdings Ltd is seeking to buy international direct dialing (IDD) and mobile value-added service assets in the Asia-Pacific region by the end of 2009, a senior executive said on Wednesday.

CITIC Pacific warns potential $2 bln forex losses

*Parent agrees to arrange standby $1.5 bln loan facility

UPDATE 2-CITIC Pacific warns potential $2 bln forex losses

*Parent agrees to arrange standby $1.5 bln loan facility

UPDATE 1-CITIC Pacific H1 net down 12 pct, Cathay Pac drags

HONG KONG, Aug 28 (Reuters) - Steel-to-property conglomerate CITIC Pacific said on Thursday its first-half net profit fell 12 percent due to a high comparison base boosted by a one-off profit from floating a telecom unit a year ago.

CITIC Pacific says H1 net profit down 12 pct

HONG KONG, Aug 28 (Reuters) - Steel-to-property conglomerate CITIC Pacific said on Thursday its first-half net profit fell 12 percent due to a lack of gains from disposals, but strong growth in special steel and infrastructure businesses helped partly offset the high comparison effect.

HK Exchange says 18 firms buy back shares

HONG KONG, Feb 5 (Reuters) - The Hong Kong stock exchange said on Tuesday 18 companies had repurchased their ordinary shares in the market.

HK stocks seen rebounding, Sinotruk to debut

HONG KONG, Nov 28 (Reuters) - Hong Kong stocks should rebound on Wednesday, helped by strong gains on Wall Street, with Sinotruk (Hong Kong) Ltd , China's top heavy truck maker, set to debut after raising US$1.2 billion in an IPO.

Hong Kong's CITIC 1616 says COO resigns

HONG KONG, Nov 27 (Reuters) - CITIC 1616 Holdings Ltd's executive director and Chief Operating Officer Li Bin, now facing legal proceedings relating to a previous post, resigned on Tuesday.

HK stocks may fall; Zhong An makes debut

HONG KONG, Nov 13 (Reuters) - Hong Kong stocks may drop further on Tuesday, after Wall Street fell for a fourth session, boding ill for the debut of mainland property play Zhong An Real Estate Ltd , which brokers said traded below its IPO price in the grey market.

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