Chinese Bad-Debt Manager Locks Down $2.4B Before IPO

Chinese Bad-Debt Manager Locks Down $2.4B Before IPO

A group of eight investors, including Goldman Sachs and Warburg Pincus, will pour 14.5 billion Chinese yuan ($2.36 billion) into China Huarong Asset Management Co. Ltd., as China’s largest bad debt manager prepares for a potential initial public ...read more

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