Raised price of China AMC stake not expected to deter buyers
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.
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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