CITIC Securities Unit Secures 100 Million Yuan Guarantee for Credit Facility

MT Newswires Live

07/31

CITIC Securities' (SHA:600030, HKG:6030) indirect subsidiary CITIC CCFC Capital Management has secured a 100-million-yuan credit facility from CITIC Bank (SHA:601998, HKG:0998) for over-the-counter derivatives trading.

Another indirect subsidiary, CCFC Global Financing Leasing, will provide the guarantee for a three-year term with no counter-guarantee, according to a Thursday aftermarket filing with the Shanghai bourse.

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