Citic Pacific, the Hong Kong-listed arm of China's biggest investment company, said yesterday 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.
Chang Zhenming, who became chairman and managing director in April, also said Citic Pacific would integrate its real estate operations with that of Citic group, its Chinese state-owned parent.
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