JAPAN-CHINA-THAILAND-INVESTMENT-ITOCHU

Masahiro Okafuji (L), president of Japanese trading house Itochu announces the company is teaming up with Thai agricultural giant Charoen Pokphand Group to invest 10.4 billion USD in Chinese conglomerate Citic Group at a press conference in Tokyo on January 20, 2015, while Itochu executive Yuji Fukuda (R) looks on. The deal would see the pair acquire a 10 percent stake in Citic for 34.4 billion HKD (4.4 billion USD) and invest another 45.9 billion HKD in convertible preferred shares, which could ultimately double the size of their stake in the Chinese firm. AFP PHOTO / Yoshikazu TSUNO (Photo credit should read YOSHIKAZU TSUNO/AFP via Getty Images)
Masahiro Okafuji (L), president of Japanese trading house Itochu announces the company is teaming up with Thai agricultural giant Charoen Pokphand Group to invest 10.4 billion USD in Chinese conglomerate Citic Group at a press conference in Tokyo on January 20, 2015, while Itochu executive Yuji Fukuda (R) looks on. The deal would see the pair acquire a 10 percent stake in Citic for 34.4 billion HKD (4.4 billion USD) and invest another 45.9 billion HKD in convertible preferred shares, which could ultimately double the size of their stake in the Chinese firm. AFP PHOTO / Yoshikazu TSUNO (Photo credit should read YOSHIKAZU TSUNO/AFP via Getty Images)
JAPAN-CHINA-THAILAND-INVESTMENT-ITOCHU
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Credit:
YOSHIKAZU TSUNO / Staff
Editorial #:
461808324
Collection:
AFP
Date created:
20 January, 2015
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Source:
AFP
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AFP
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Hkg10140361
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