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Citic Group to raise 80b yuan from HK float

By Mao Lijun | China Daily | Updated: 2010-07-22 07:51

Citic Group to raise 80b yuan from HK float

A Citic Bank branch in Shanghai. Shao Chang / For China Daily

Beijing - Citic Group, a top Chinese financial conglomerate, may raise as much as 80 billion yuan ($11.8 billion) in a planned initial public offering (IPO) in Hong Kong, sources familiar with the situation said.

Citic Group to raise 80b yuan from HK float

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