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Citic Eyes $2B Via HK Listing
Citic Securities is seeking to raise about $2 billion through a Hong Kong listing.
Citic Securitiesis seeking to raise about $2 billion through a Hong Kong listing,金融时报》reports. The brokerage intends to use the proceeds to fund the company’s international targets.
In addition to Citic, the securities units ofChina Construction Bank,Industrial & Commercial Bank of ChinaandChina International Capital Corporationare managing the listing along withMorgan Stanley. The firm, which is already listed in Shanghai, is part ofCitic Group.
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