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Tencent to take about 5% stake in investment bank CICC for $367 million

Tencent to take about 5% stake in investment bank CICC for $367 million

Thu, Sep 21, 2017

Tencent Mobility, a unit of Chinese internet company Tencent, will subscribe for 207.5 million new Hong Kong-listed shares of CICC at a price of HK$13.80 per share, representing an 11% discount to the stock`s Wednesday closing price.

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