|Bid||0.000 x 0|
|Ask||0.000 x 0|
|Day's Range||11.440 - 11.580|
|52 Week Range||10.700 - 12.800|
|PE Ratio (TTM)||7.64|
|Forward Dividend & Yield||0.36 (3.11%)|
|1y Target Est||12.45|
State-run Chinese conglomerate CITIC Group is conducting due diligence on CEFC China Energy's stake in onshore oil fields in Abu Dhabi as CITIC prepares, under the Chinese government's direction, to possibly take over CEFC's energy business, said two sources with knowledge of the matter. CITIC is examining CEFC Energy's 4 percent holding in onshore oil fields operated by Abu Dhabi National Oil Co that it paid $900 million for in 2017, said a source briefed on the matter.
State-run Chinese conglomerate CITIC and CEFC Europe, the Czech-based unit of China's CEFC, have signed a memorandum of understanding to establish a joint venture, the Czech president's spokesman said. A CITIC delegation, including its chairman, met Czech President Milos Zeman on Wednesday, amid reports it would join forces with CEFC Europe as CEFC comes under pressure. Zeman is pursuing closer economic ties with China, and CEFC has been a top Chinese investor in the central European country.
(Updates Open Text and Eletropaulo Metropolitana; adds Xerox, Sanofi, Murray & Roberts, Goldman Sachs, Toys "R" Us and Fortis Healthcare) April 17 (Reuters) - The following bids, mergers, acquisitions ...
April 17 (Reuters) - CITIC Ltd: * APPOINTS SHOHEI HARADA AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR * ANNOUNCES RESIGNATION OF NORIHARU FUJITA FROM BOARD AS AN INDEPENDENT NON-EXECUTIVE DIRECTOR Source text ...
Czech President Milos Zeman will meet a delegation from Chinese state-run conglomerate CITIC , including chairman Chang Zhenming, his spokesman said on Tuesday, amid reports it could take a stake in another Chinese group's Czech investments. Reuters reported last month that CITIC was in talks to take a stake in Chinese group CEFC's Czech-based unit CEFC Europe, which has bought a number of assets in the Czech Republic.
March 28 (Reuters) - Citic Ltd: * CO ENTERED ALUMINIUM ALLOY HUB PROCUREMENT FRAMEWORK AGREEMENT WITH CITIC GROUP Source text for Eikon: Further company coverage:
March 28 (Reuters) - Citic Ltd: * FY PROFIT ATTRIBUTABLE HK$43.90 BILLION VERSUS HK$43.15 BILLION * FY TOTAL REVENUE HK$450.54 BILLION VERSUS HK$381.66 BILLION * FY NET INTEREST INCOME HK$116.68 BILLION ...
Chinese seed firm Yuan Longping High-Tech Agriculture on Tuesday said it is setting up a corn seed joint venture with China National Agrochemical Co Ltd, a unit of state-owned chemicals giant ChemChina. The joint venture will allow further development and sales of new varieties of corn for the Chinese market, said a stock exchange statement, adding it will also promote domestic biotech corn. China does not allow genetically modified organism (GMO) corn to be planted in the country, although, it has said it was targeting commercialisation of the crop by 2020.
March 19 (Reuters) - CITIC Ltd: * APPOINTS WU YOUGUANG AS A NON-EXECUTIVE DIRECTOR Source text for Eikon: Further company coverage:
Chinese conglomerate CITIC Ltd said it would book an impairment of $800 million to $1 billion on the value of its Sino Iron project in Australia for fiscal 2017. "Impairment is a non-cash accounting item, but it will reduce the company's 2017 reported profits," Chairman Chang Zhenming said a filing to the Hong Kong bourse late on Sunday. In November, the Supreme Court of Western Australia awarded Australian businessman Clive Palmer's company about $150 million in damages in a dispute with CITIC regarding Sino Iron mine.
CITIC Limited (SEHK:267) delivered a less impressive 7.97% ROE over the past year, compared to the 8.77% return generated by its industry. Though 267’s recent performance is underwhelming, it isRead More...
There are a number of reasons that attract investors towards large-cap companies such as CITIC Limited (SEHK:267), with a market cap of HK$317.08B. One reason being its ‘too big toRead More...
Jan 30 (Reuters) - Youngor Group Co Ltd: * SAYS PRELIM 2017 NET PROFIT DOWN 90.4 PERCENT Y/Y AT 355 MILLION YUAN ($56.18 million) * SAYS IT SETS ASIDE PROVISION OF 3.3 BLN YUAN FOR ASSET IMPAIRMENT RELATED ...
Citic Agri Fund, an investment vehicle created by China’s largest conglomerate, has chosen Brazil as the platform for its global strategy in agriculture.
RIBEIRÃO PRETO, Brazil, Dec 1 (Reuters) - China's CITIC Agri Fund said on Friday it had completed its $1.1 billion acquisition of Dow Chemical Co's corn seed business in Brazil, a potential vehicle for future purchases in Latin America. CITIC plans to rename the business LP Sementes Ltda and have its Yuan LongPing High-tech Agriculture Co run it.
MELBOURNE/SYDNEY (Reuters) - Some of Australia's biggest power users, including mining giant BHP, are taking steps to curb the impact of any repeat of crippling blackouts that hit last summer, worried about a grid that increasingly relies on wind power and old coal-fired plants. Australia's summer, which starts on Friday, is forecast to be hotter-than-normal in the nation's southeast, already helping double wholesale power prices in the wind-dependent state of South Australia to almost A$170 ($129) per megawatt hour (MWh) (SA-FLAT). The threat has prompted top global miner BHP Billiton (BHP.AX)(BLT.L) to install 30 megawatts of diesel generation at its Olympic Dam copper mine in South Australia, which was forced to close for two weeks last year after a state-wide blackout that cost it $105 million.
Nov 24 (Reuters) - CITIC Ltd: * Notes judgement by Supreme Court of Western Australia on dispute with Mineralogy Pty Ltd * Says co is "disappointed" with Supreme Court's judgment; says co is ...
Dah Chong Hong Holdings Limited announced today that it will partner with its parent company, CITIC Pacific Limited , a wholly-owned subsidiary of CITIC Limited, to establish an investment fund -- Tamar ...
Despite the ordeal of climbing over the Chinese barriers, many companies have made a beeline to China and have persisted with their attempts despite the rebuffs. Fast food chain McDonald's Corporation ...
McDonald's Corp said it would almost double the number of stores in mainland China by 2022, slightly more than was expected, as part of its strategic partnership with state-backed conglomerate CITIC Ltd and Carlyle Group. Earlier in the year, the U.S fast food chain agreed to sell most of its China and Hong Kong business to CITIC and Carlyle for up to $2.1 billion.
OAK BROOK, Ill., SHANGHAI and HONG KONG, Aug. 8, 2017 /PRNewswire/ -- McDonald's Corporation (NYSE: MCD)("McDonald's") today announced the successful completion of a strategic partnership with CITIC Limited (SEHK: 00267)("CITIC"), CITIC Capital Partners ("CITIC Capital"), and The Carlyle Group (NASDAQ: CG)("Carlyle"). Ramping up a new era of growth and innovation, the partnership will operate and manage McDonald's businesses in mainland China and Hong Kong, leveraging combined expertise and strength to drive an expansion strategy.
A Chinese fund part-owned by congolomerate CITIC Ltd has paid $1.1 billion for some of Dow Chemical Co's (DOW.N) corn seed business in Brazil, in a further sign of China's fast-expanding role in the global seed sector. The deal includes seed processing plants and seed research centers, a copy of Dow AgroSciences' Brazilian corn germplasm bank, the Morgan seed brand and a license for the use of the Dow Sementes brand for a certain period of time, Dow said on Tuesday. The assets, which generated revenue of about $287 million in 2016, are being sold by Dow to meet conditions set by Brazilian antitrust regulators for its $130 billion merger with DuPont.