Citic Pacific moves closer to $36.4 billion deal

The company raises HK$39.5 billion ($5.1 billion) to help pay for the deal for Citic Ltd by selling shares to 15 strategic investors.

Citic Pacific has moved closer to completing the purchase of Citic Ltd from its parent Citic Group for Rmb227 billion ($36.4 billion) after raising HK$39.5 billion ($5.1 billion) by selling 2.932 billion shares to 15 strategic investors.

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