CITIC Pacific, who lost nearly HK$ 10 billion in leveraged foreign exchange forward contracts, decided to hold its general shareholder meeting on December 19. At that time, shareholders will vote on the company’s rescue plan that its parent company will provide US$ 1.5 billion in bridge loans and inject US$ 1.5 billion by means of convertible bonds. In addition, the company first disclosed details regarding those forex contracts that it signed with 13 banks, including Citic Bank, and HSBC, Morgan Stanley, Bank of America, Barclays Bank, Credit Suisse International, and BNP Paribas.