CICC To Acquire Central Huijin’s Securities Unit For $2.5B

money333333China International Capital Corporation Ltd. (CICC) has agreed to acquire the entire equity interest in Central Huijin Investment Ltd's securities business for RMB16.7 billion (US$2.5 billion), the firm said today. CICC, which counts Central Huijin as a substantial shareholder, will issue its domestic shares to Huijin as payment, in exchange for taking over China Investment […]

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Read the original article: China Money Network