Citic plans $5.7bn private placement in 2015
Chinese brokerage Citic Securities Company Limited is planning to issue not more than 1.5bn new H-shares via a private placement, as it looks to shore up its capital base. Although the precise size of the offering has not been disclosed, the company could raise as much as HK$44.10bn ($5.70bn) based on its share price at the time of writing.
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