Press "Enter" to skip to content

Private investment conglomerate to offload assets, repay debts

Chinese private investment conglomerate China Minsheng Investment said on Thursday that it has started to offload assets that were "no longer considered suitable for the company's strategic direction" to address the liquidity crunch.

The assets includes to be sold includes two land plots in the heart of financial centre in Shanghai which was bought in 2014 at a record price and Greenland Group is likely to be the buyer, according to several local media reports.

The CMIG missed debt repayment on January 29th. Three bonds issued by the company were halted from trading on the Shanghai Stock Exchange on . . .

To continue reading, please subscribe.

FREE TRIAL

We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you. 

What you'll get:

  • Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
  • Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
  • Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
  • Interviews with China experts. We find you insights you should never miss!
  • Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?

 

Already have an account? Sign In

Top