Citic meets free float requirement with $474m weekend block
Thailand’s Charoen Pokphand Group and Japan’s Itochu Corp have divested a collective 1% stake in Citic Limited via a HK$3.67bn ($474m) block executed on Saturday, April 11, which saw shares allotted on a club-style basis rather than via a fully-fledged bookbuild.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts