CITICBank plans pri­vate place­ment to bol­ster cap­i­tal

China Daily (Canada) - - BUSINESS -

China CITIC Bank Corp, a unit of the na­tion’s largest State-owned in­vest­ment firm, plans to raise as much as 11.9 bil­lion yuan ($1.96 bil­lion) in a pri­vate place­ment of do­mes­tic shares to re­plen­ish its Tier 1

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