CITIC 1616 says seeks acquisitions by year-end
By : Joanne Chiu
Date posted :2009-06-24 03:30:00
HONG KONG (Reuters) - CITIC 1616 Holdings Ltd (1883.HK) is seeking to buy international direct dialing (IDD) and mobile value-added service assets in the Asia-Pacific region by the end of 2009, a senior executive said on Wednesday.
However, the company, the telecoms service unit of Beijing backed CITIC Pacific (0267.HK), has no intention of introducing Chinese telecoms operators as strategic investors, said chief financial officer David Chan.
"We have been approached by private equity funds about the possibility of asset reorganizations, but we are very selective and will only consider those proposals that create synergy," he told Reuters in an interview.
He added that CITIC 1616 was interested in buying or consolidating IDD, mobile value-added services and integrated virtual private network businesses and was open to investment opportunities in Southeast Asia, and in particular Taiwan.
MAINTAINS GROWTH
Read the full article.
[Back to Previous Page]
Featured Jobs
Browse Featured Jobs
- ADMHS CASE WORKER - County of Santa Barbara
- Building Maintenance Supervisor - County of Santa Barbara
- FIRE EQUIPMENT OPERATOR - County of Santa Barbara
- PUBLIC HEALTH CASEWORKER - County of Santa Barbara
- Yerby Postdoctoral Fellowship Program - Harvard School of Public Health
- Attention Entrepreneur's - Erie Insurance Group
Hot Jobs
Browse Hot Jobs
- Instructor of Sociology - Saint Michael’s College
- Equipment Specialist - Taasc HEBCO Team
- FT/PT Private Duty Nursing - SPECIALIZED HOMENURSING INC.
- Social Services Director, RN/LPN - FOREST HILLS HEALTH CARE CTR
- Health Aide - QUINTON KOSTELNIK
- Nurse Clinical Liaison - DESERT LANE CARE CENTER
- FRENCH TEACHER HIGH SCHOOL - norman public schools
- CHIEF CREDIT OFFICER - BANK OF THE LAKES
- System Administrator - Climate Master
- Marketing Administrator - STAN JOHNSON CO.
- Aquatics Director - YMCA
- Senior Systems Administrator - DAI
- Customer Service Specialist - Baxter
- HP Able - Customer Solutions Rep I - Hewlett Packard






























