Jan 2 (Reuters) - CITIC Ltd:

* DAYE SPECIAL STEEL ENTERED ASSETS PURCHASE AGREEMENT WITH SELL SIDE COMPANIES TO ACQUIRE 86.50% STAKE IN XINGCHENG SPECIAL STEEL

* REFERENCE CONSIDERATION FOR PURPOSES OF ASSETS PURCHASE AGREEMENT IS RMB23,wellspan well advised182.00 MILLION

* CONSIDERATION WILL BE SATISFIED BY ISSUE OF CONSIDERATION SHARES BY DAYE SPECIAL STEEL TO SELL SIDE COS AT ISSUE PRICE OF RMB10.00 PER SHARE

* "SELL SIDE COMPANIES" INCLUDE SHAREHOLDERS OF XINGCHENG SPECIAL STEEL, BEING CP SPECIAL STEEL INVESTMENT, & XINGCHENG'S OTHER SHAREHOLDERS

* UPDATES ON THE PROPOSED RESTRUCTURING OF DAYE SPECIAL STEEL Source text for Eikon: Further company coverage:

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