CITIC Securities fund makes pre-IPO investment in ESR
China’s CITIC Securities has made a pre-IPO investment of undisclosed size in pan-Asian logistic company and fund manager E-Shang Redwood (ESR).
CITIC is investing via a fund focused on China’s One Belt One Road (OBOR) infrastructure agenda known as CSOBOR that is managed by the bank’s global investment platform CLSA. The capital will be used...
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