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Dec

06

Citic Securities Unable to Reach Investment-Banking Heads

By Tony Seruga

Media reports say they may have been drawn into market probe
Citic shares plunged 38 percent in Hong Kong this year

Citic Securities Co. said it has been unable to contact two executives, adding to deepening turmoil at a brokerage that is being investigated amid a government probe into China’s stock-market rout.

Chen Jun and Yan Jianlin, both members of the brokerage’s eight-person executive committee, its highest decision-making body, can’t be reached, the Beijing-based firm said in an exchange filing on Sunday. Chen is head of Citic Securities’ investment-banking business, while Yan leads investment banking at its international unit. All operations are normal, it said…

Citic Securities Unable to Reach Investment-Banking Heads

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