On Mar 28th 2014, China Development Bank Capital (CDBC) completed its subscription for new shares of China New Town Development (CNTD, ticker 1278HK/D4N.si) through its wholly owned subsidiary, China Development Bank International Holding (CDBIH), accounting for 54.32% of CNTD’s enlarged capital. Total deal size was 1.44 billion HKD. CICC acted as sole financial advisor to CDBIH.