1 September 2008 - CITIC 1616 Holdings Limited (Stock Code: 1883) (CITIC 1616) is the telecommunications flagship of CITIC Pacific Limited and is listed on the Main Board of the Stock Exchange of Hong Kong.
JSM advised CITIC 1616 on its acquisition of the wholesale IDD, retail calling card and IP transit businesses from China Motion Telecom International Limited (Stock Code: 989) (China Motion) for an aggregate consideration of HK$260 million. The transaction was announced by CITIC 1616 and China Motion on 29 August 2008.