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Citic Plans to Become Huarong’s Largest Shareholder; Huarong to Issue Profit Warning Next Week: REDD

by Amruth Sundarkumar | Aug 16, 2021 | Investment Grade Bonds

Citic Group is said to have received State Council approval for a restructuring plan of China Huarong Asset Management Co. that involves Citic becoming the largest shareholder in the distressed state-owned asset manager, as per REDD, reported by Bloomberg. Citing...

Citic Plans to Become Huarong’s Largest Shareholder; Huarong to Issue Profit Warning Next Week: REDD

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