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 . . .

To continue reading, please subscribe. You will get


  • IN-DEPTH & DATA-DRIVEN reporting about key trends in China's economy and financial markets
  • THE WIRE  - up-to-the-minute updates of market-moving news and views. We want you to be the first to know it when something important happens.
  • DETAILS - We bring you details that you won't find elsewhere. General information is everywhere, but information with details and relevant to your investment is rare. 


FREE TRIAL cancel anytime


We highly value independence. We are solely funded by subscriptions from intelligent readers like you. 

Already have an account? Sign In