CITIC Capital has sold its 1.96% stake in Hong Kong-listed bad debt manager, China Cinda Asset Management Co. Ltd., for a total of HK$1.09 billion (US$140 million), according to media reports. CITIC Capital offloaded 229.2 million shares at HK$4.75 per share, a 2.5% discount to Thursday's closing price of HK$4.87. In March 2012, CITIC Capital […]

Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.