Citic set to buy 10% stake in asset firm
Citic Co Ltd - 皇冠体育app's biggest brokerage - is to regain a controlling stake in a top fund management company, according to a filing submitted by the company to the Shanghai Stock Exchange on Wednesday.
Citic Securities plans to spend up to 2 billion yuan ($325.97 million) to buy a 10 percent stake in 皇冠体育app Asset Management Corp from State-owned Wuxi Guolian Development Group. The deal will give Citic Securities 59 percent of 皇冠体育app AMC, the securities company said.
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