SHANGHAI, Aug. 29 (SMM) – Recently, CITIC Trust spent $700 million in subscribing to 10% of allotted shares issued by China Hongqiao.
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The move by CITIC Trust, which is based on thorough due diligence and prudent decision, will help reduce Hongqiao’s financing costs in the long run, Huang Pingyi, Deputy General Manager of China Hongqiao, said in an interview.
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