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Raised price of China AMC stake not expected to deter buyers

Leanne Wang
Citic Securities has listed its 51% stake in China’s largest asset management firm for sale at an elevated price. Despite industry headwinds, it’s still viewed as a bargain.
Raised price of China AMC stake not expected to deter buyers

Citic Securities listed its majority stake in China AMC for sale on the Beijing Financial Assets Exchange (BFAE) yesterday at an asking price of Rmb8.16 billion ($1.3 billion).

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