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CITIC PACIFIC (28 Oct 2008)

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AFTER CITIC PACIFIC REPORTED IT LOST MORE THAN $15 BILLION ON FOREIGN EXCHANGE CONTRACTS, CHINA RAILWAY GROUP AND AND CHINA RAILWAY CONSTRUCTION SUFFERED $2 BILLION AND $300 MILLION IN LOSSES IN FOREIGN CURRENCY EXCHANGE INVESMENT. SOME SAY HK NEEDS TO PUSH LISTED COMPANIES TO GIVE PROMPT AND TRANSPARENT DISCLOSURE OF SUCH BAD NEWS TO INVESTORS. OTHERS SUGGEST THE HK GOVERNMENT BUY BACK THE TWO CROSS HARBOUR TUNNELS FROM CITIC PACIFIC, IF THE COMPANY NEEDS TO SELL OFF ASSETS.

Program: 
Money Magazine
Publish Date: 
Tuesday, October 28, 2008
Station: 
TVB
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