Citic Pacific Ltd. Chairman Larry Yung will fly to Beijing tomorrow to obtain a $1.5 billion loan after predicting HK$15.5 billion ($2 billion) of losses from unauthorized currency bets.

The unit of China's largest state-owned investment company has cash and loan facilities of HK$9 billion, Managing Director Henry Fan, 60, said today, without indicating its debt. It had HK$31 billion of net debt at the end of June, according to its interim report. Fan today also said Yung's daughter, who heads the finance department, has been transferred.
I have no idea what this means, but it's fascinating. :dunno:

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