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Citic Pacific gets nod to acquire parent's assets

US$36b purchase approved by 99% of votes at yesterday's meeting
Wednesday, June 4, 2014 - 06:00

[HONG KONG] Minority shareholders of Hong Kong-listed Citic Pacific Ltd have approved a landmark deal to acquire US$36 billion of assets from its state-owned parent Citic Group Corp, China's biggest and oldest financial conglomerate. The go-ahead clears the way for the purchase of practically

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