CITIC Securities said yesterday that State auditors had discovered some irregularities at the firm, sending shares of China鈥檚 biggest listed brokerage tumbling. China鈥檚 National Audit Office spotted problems in CITIC Securities鈥� financial treatment of incentives related to its brokerage bu...
* Irregularities found at Citic Sec, ICBC, CCB * The findings won't impact business, the three companies say * Citic to benefit from market rally, IPO resumption (Adds ICBC and CCB, updates share prices) SHANGHAI,...
SHANGHAI, June 23 - China's Citic Securities Co said on Tuesday that state auditors had discovered some irregularities at the firm, and news of the report sent the shares of China's biggest-listed brokerage tumbling. China's...
The Hebei provincial government is planning to retrieve the controlling stake in Shijiazhuang Iron and Steel from CITIC Pacific Ltd<0267>, the Standard reported, citing mainland media.The Hebei government, which holds a 20% stake in the steel-to-property conglomerate, expects to obtain the controlling shareholding...
China Yangtze Power Co Ltd<600900> has hired CITIC Securities Co Ltd<600030>, the largest listed brokerage in the country, as the company's independent financial consultant for the RMB 1.08-trillion asset-restructuring project, sources reported....
China CITIC Bank Corp<601998><0998>, the listed banking unit of the nation's largest investment enterprise CITIC Group, plans to bid for a 70.32% stake in CITIC International Financial Holdings (CIFH) for HK$13.56 billion, the Standard reported.The move is very important to the group's restructuring in...
China CITIC Bank Corp<601998><0998>, the listed banking unit of the nation's largest investment enterprise, CITIC Group, on Tuesday announced that its net profit for 2008 surged 60.68% from a year earlier to RMB 13.3 billion (US$1.95 billion).Its earnings per share were RMB 0.34, up 47.83% year on...
HONG KONG, April 8 - Beijing-backed CITIC Pacific, which posted a $1.9 billion foreign exchange loss in 2008, said on Wednesday its Chairman and founder, Larry Yung, and Managing Director Henry Fan have resigned from...
HONG KONG, April 3 - Chinese conglomerate Citic Pacific said on Friday that the Commercial Crime Bureau of the Hong Kong police had executed a search warrant requiring the company and its directors to provide...
MELBOURNE, April 2 - Chinese oil and metals group CITIC Resources <1205.HK> has raised its stake in Australian miner Macarthur Coal <MCC.AX> to just under 24 percent, the latest expansion of Chinese investment in Australian...