CITIC invested in Singapore-based Cityneon.

Private equity firm CITIC Capital Partners invested in Singapore-based Cityneon, a leading service agency. Financial terms were not disclosed. Cityneon Executive Chairman & Group CEO Ron Tan said, "We are honoured and excited to have a strong and strategic partner like CITIC Capital. This is a testament to the capabilities of Cityneon's management team and track record. Riding on the growing momentum of consumer trends towards experience entertainment especially in North Asia, this partnership provides a springboard for us to expand our businesses in China and beyond, through the launch and introduction of existing and new Intellectual Properties ("IPs") under Cityneon's portfolios."