Citic Securities gets nod for $5.09bn private placement

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Citic Securities gets nod for $5.09bn private placement

citic securities230

Chinese brokerage Citic Securities Company has received the green light from its shareholders to raise funds using a private placement of H-shares, which based on the February 16 closing price could net the firm as much as HK$39.45bn ($5.09bn).

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