China Huarong to Buy Stake in Citic for Over $1.7 Billion
Wall Street Journal
State-owned China Huarong Asset Management has agreed to buy a minority stake in another state-run conglomerate, Citic Ltd., for $1.75 billion.
https://www.wsj.com/articles/china-huarong-to-buy-stake-in-citic-for-over-1-7-billion-b55dddc8