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Beijing Guotong Asset Management Co., Ltd Successfully Acquired Distressed Debt of COFCO Trust and ABS Secondary Income Rights of China Minsheng Bank
2017-05-24

On May 25, Beijing Guotong Asset Management Co., Ltd formally acquired distressed debt of COFCO Trust, and successfully won the bid for Secondary Income Rights for China Minsheng Bank Hongfu 2017’ Phase I Non-performing Asset-Backed Securities. Beijing Guotong Asset Management Co., Ltd constantly advances cooperation between the central enterprises, and initially achieves full coverage for acquisition of non-performing assets from banks, asset management companies and financial institutions engaged in trust, finance leasing, guarantee, small loan and other business lines.

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