China's CEFC Hong Kong Financial Investment up; CITIC pays CEFC's Czech debts

Virtual Mind Holding Co

28/05/2018 03:37

** Shares in CEFC Hong Kong Financial Investment  1520.HK 
jump more than 10 pct, after China's CITIC pays CEFC's Czech
debts to end spat and take over J&T stake 
    ** Czech financial firm J&T said on Friday it had struck a
deal with Chinese state conglomerate CITIC Group to settle debts
owed by troubled Chinese company CEFC, ending a dispute
 urn:newsml:reuters.com:*:nL5N1SW28J  
    ** The agreement sets out a longer-term partnership with
CITIC under which CITIC's Rainbow Wisdom will take over a 9.9
percent stake in JTFG, and 200 million euros worth of perpetual
unsecured JTFG debt now held by two China-based CEFC entities,
the statement said 
    ** CEFC Anhui International Holding  002018.SZ , another
CEFC-linked company, down 4.8 pct in Shenzhen 


 ((luoyan.liu@thomsonreuters.com; Reuters Messaging:
luoyan.liu.thomsonreuters.com@reuters.net))