CITIC to Acquire Y450 mil In Real Estate Manager

CITIC International Asset Management Ltd (CIAM), CITIC's HK-based asset management company will acquire the right to subscribe to new shares in Japanese real estate investment firm MBK Co. (formerly known as Asset Investors) for about 450 million yen ($4.5 million). CIAM, if it chooses to exercise the right, would receive a 4.88% stake of the firm'soutstanding stock. CIAM and MBK work to promote investment in businesses between China and Japan.