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Citic turns down buyers seeking dollars as bridging finance

Firms seeking overseas buys wrestle with rules for preventing capital flight

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McDonald's China business is Citic Capital's first F&B deal. The firm has an appetite for companies in Europe, Japan and the US for potential acquisitions.

Zhengzhou

CHINESE companies seeking overseas acquisitions increasingly covet offshore dollar funds as capital controls make it hard for even state-controlled investment firms to finance deals with domestic resources.

Citic Capital Holdings Ltd, the alternative-investment arm of

sentifi.com

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