Larry Yung, scion of a storied family hailed as the country's first capitalists to emerge since the communist takeover in 1949, is exiting the company he founded, CITIC Pacific, with little fanfare.

HONG KONG -- Citic Pacific Ltd. shares plunged 55% as the company scrambled to minimize the fallout from its admission that leveraged currency positions could lead to nearly $2 billion of losses.

[Photo/Agencies] CITIC Pacific Ltd said it had secured $5.1 billion to help fund the purchase of some $36 billion in assets from its State-owned parent company, as strategic investors lined up to ...

The company said trading in the shares will resume on Thursday. Police raided offices of CITIC Pacific last Friday, asking the company and its directors to provide certain information regarding ...

Citic Pacific Ltd., an arm of China’s biggest state-owned investment company, has cut about 50 jobs at its mining unit in Australia on rising costs and slow growth, the company said. “We face ...

Citic Pacific Ltd.’s former deputy head of finance Chui Wing Nin declined to take the stand in his Hong Kong trial on charges of insider trading ahead of the company’s 2008 profit warning.

(Reuters) - China's CITIC Pacific Ltd <0267.HK> said it had secured $5.1 billion to help fund the purchase of some $36 billion in assets from its state-owned parent company, as strategic investors ...

Citic Pacific is urging its investors to approve a $40 billion buyout of its parent company in a deal it hopes will help shore up funding for its troubled Sino Iron project, the Pilbara mine it ...

The deal is the biggest injection by any Chinese firm into a Hong Kong listed company, analysts said, and shares in CITIC Pacific have gained nearly 13 percent since the company and its parent ...