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Citic Securities Unable to Reach Investment-Banking Heads | Tony Seruga
Dec
06

Citic Securities Unable to Reach Investment-Banking Heads

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  • 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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