Japan, Thai firms invest $10.4 billion in China's Citic
Tokyo (AFP) Jan 20, 2015 - Japanese trading house Itochu said Tuesday that it is teaming up with Thai agricultural giant Charoen Pokphand Group to invest $10.4 billion in Chinese conglomerate Citic Group. The deal would see the pair acquire a 10 percent stake in Citic for HK$34.4 billion ($4.4 billion) and invest another HK$45.9 billion in convertible preferred shares, which could ultimately double the size of their s ... more
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