Financial Times FT.com

Citic Pacific to weed out non-core assets

By Justine Lau and Xi Chen in Hong Kong

Published: May 25 2009 18:20 | Last updated: May 25 2009 18:20

Citic Pacific, the Hong Kong-listed arm of China’s biggest investment company, said on Monday it would offload some non-core assets.

The move is part of a business review ordered by its new head, who took over following a foreign exchange scandal that triggered a police probe and management shake-up.

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