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China CITIC Bank approved to buy into CITIC Int'l Financial

Jul. 1, 2009 (China Knowledge) - China CITIC Bank Corp<601998><0998>, the listed banking unit of the nation's largest investment enterprise, CITIC Group, has obtained approval from its shareholders to acquire a 70.32% stake in CITIC International Financial Holdings (CIFH), the Shanghai Securities News reported on Tuesday. The bank will spend HK$13.56 billion to acquire the stake, whic

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