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SDIC Fund Co-Leads $500M Round In Chinese Medical Equipment Firm

SDIC Fund Management Company Ltd., a private equity firm majority owned by China’s State Development & Investment Corporation (SDIC), as well as an investment arm under China Life Insurance Co., Ltd., have led a RMB3.3 billion (US$500 million) series A round in Shanghai United Imaging Healthcare, a medical imaging equipment developer.

CICC, CITIC To Privatize Chinese Biopharma Firm Sinovac Biotech

An investor consortium including CICC Qianhai Development (Shenzhen) Fund Management, CITIC M&A Fund Management Co., Ltd., and a number of Chinese bio-industry companies and investment firms, has agreed to privatize NASDAQ-listed Chinese biopharmaceutical products provider Sinovac Biotech Ltd., at the valuation of around US$401.8 million.

China’s SF Express To Complete Listing In Shenzhen, Founder Worth $16B

China’s largest express delivery firm S.F. Express is to complete the last step of its back-door listing on the Shenzhen Stock Exchange on February 23, completing an IPO process started a year ago. Shenzhen-based S.F. Express will ring the bell at the city’s local bourse and its reverse merger partner, Maanshan Dingtai Rare Earth & New Materials Co., Ltd., will be officially renamed as S.F. Express in two days, Chinese media reported. Last week, shareholders voted to approve the change …

CITIC Capital Exits Japan’s Narumi Corporation Via Trade Sale

CITIC Capital Partners, the private equity arm of CITIC Capital Holdings Limited, says that it has agreed to sell all of its stakes of Japanese tableware maker Narumi Corporation to Japanese glass ware and ceramic products manufacturer Ishizuka Glass Co., Ltd., according to a company announcement. Deal terms were not disclosed. The sale, which is expected to close in January 2015, is the fourth exit for CITIC Capital Partners Japan funds, which focuses on supporting Japanese medium-sized companies to expand …

Qatar Investment Authority To Launch $10B Fund With CITIC Group

Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, says it has signed a memorandum of understanding with Chinese state-owned investment company The CITIC Group to establish a US$10 billion fund to invest in the region, according to an official statement. His Excellency Ahmad Al-Sayed, CEO of QIA, made the announcement at the opening of the Credit Suisse Fifth Annual Emerging Markets Leadership Forum in Beijing. The fund will be a 50:50 joint venture between the two parties. QIA is open …

CITIC’s Goldstone Investment Acquires Suning Assets For $650M

Nanjing city, Jiangsu province-based Chinese appliance retailer Suning Commerce Group Co. Ltd. plans to transfer 11 retail stores for RMB4.01 billion (US$650 million) to Goldstone Investment Limited, the direct investment arm of CITIC Securities Co.Ltd., according to a securities filing submitted by Shenzhen-listed Suning. The sale is part of Suning’s move to focus on core and profitable assets and to expand its online-to-offline businesses.

CITIC Securities Backs LeTV.Com In Strategic Partnership

CITIC Securities Co. Ltd. is planning to invest RMB500 million (US$81.3 million) in Beijing-based Chinese online video platform LeTV.com, as part of a broad strategic partnership between the two companies, according to a securities filing LeTV.com filed with the Shenzhen Stock Exchange.

China’s First REIT Began Trading In Shenzhen

China’s first exchange-traded Real-Estate Investment Trust (REIT), launched by Chinese brokerage firm CITIC Securities Co., began trading on the Shenzhen Stock Exchange today, according to information posted on the exchange’s website.

CITIC Securities Makes Strategic Investment In US Brokerage Firm BTIG

Global brokerage firm BTIG LLC says it has received a strategic investment from Hong Kong-based brokerage firm CLSA. The deal’s value and terms are not disclosed, according to a company announcement. BTIG and its global affiliates will continue to operate as fully independent organizations. CLSA is 100% owned by CITIC Securities, China’s largest brokerage firms by market value. BTIG specializes in global trading and fund services for hedge funds, mutual funds, separate accounts and family offices. The firm has 450 …

CITIC PE Establishes Joint Venture With Sprott Inc.

Canadian alternative asset manager Sprott Inc. says that it has entered into a joint venture agreement with CITIC Private Equity Hong Kong Management Co. to set up an offshore global resource fund. The fund will focus primarily on investment opportunities in equities and debt of global resource companies. It will be co-managed by affiliates of Sprott and CITIC PE HK.