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Guo Tong Scores Third Time Successful Acquisition of CMBC’s Credit Center Asset Package
2016-05-31

The Beijing Guo Tong Asset Management Co., Ltd. (Guo Tong), a BSAM wholly owned company, officially acquired the non-performing credit assets package of the second quarter in 2016 stripped off by China Minsheng Bank (CMBC) Credit Center on May 30. This asset package encompasses a total of CNY1.62bln, with the original principal and interest combined, involving over 13,300 households. This was the third time that Guo Tong Company successfully won the bid of non-performing credit assets package of the Center since last year. 

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