CITIC Capital in $1.6bn Cinda deal
CITIC Capital, alongside Standard Chartered and UBS, has reportedly been approved to be a strategic investor in China Cinda Asset Management Co., which will also receive a capital injection from China’s national pension fund. The total investment will exceed RMB10 billion ($1.6 billion).
The National Social Security Fund (NSSF) will hold an 8% stake in Cinda, while the other three investors will jointly hold another 8% following the completion of the deal. The move is seen as related to...
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