Citic Pacific has broadened investor support for its purchase of $37bn in mainland assets from its Chinese government-controlled parent, in a further sign of interest in China’s efforts to reform its sprawling state-owned enterprises (SOE).
A group including Och-Ziff Capital, Tencent and Bain Capital will join a collection of 15 previously announced anchor investors, among them Temasek, the Singapore government’s investment company, and AIA, the Asian insurer.
Citic Pacific’s deal was approved by independent shareholders this month.
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