CHINA'S NPA CAN BE DEALT WITH INTERNATIONALLY
AsiaInfo Services, December, 2001
AsiaInfo Services 12-04-2001 China's NPA Can Be Dealt With Internationally CHINA, Dec 04, 2001 (AsiaPort via COMTEX) -- The Huarong Assets Management Co. announced yesterday that it will cooperate with a bidding group (headed by Morgan Stanley) to deal with the non-performing assets (NPA) (totaling RMB10.8 billion) in China. It is introduced that in addition to the Morgan Stanley, the bidding group consists of Lehman Brother, Solomon as well as KTH Assets Management Co.
Besides, the IFC will provide finance for the item. Via selling these non-performing assets, the Huarong is expected to gain over 20 per cent of the returns. In addition, the NPA Bid Invitation Meeting which was held onNovember 19th is China's first NPA international auction. It isknown...
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Most Recent Business Articles
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express