Stocks News
- CSRC to review CITIC share issue
Date: 13-Aug-2007 Sources: (Shenzhen Daily)
THE China Securities Regulatory Commission (CSRC) said Friday it would review Wednesday a proposal by CITIC Securities Co. for a public share offer that could raise around 27 billion yuan (US$3.6 billion).
China's biggest listed brokerage said in early June it planned to issue up to 350 million new A shares, accounting for as much as 11 percent of its expanded share capital, to help boost its capital and expand its business.
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