The asset management segment recorded a revenue of HK$ million ( issued by China Cinda Group and the bank, respectively. means of a prospectus. Such prospectus will contain detailed information about the company China Cinda Asset Management Co., Ltd. CHINA CINDA ASSET MANAGEMENT CO., LTD IPO The material stated above is according to the prospectus issued by the issuer. Neither.

Author: Shaktirr Faujas
Country: Thailand
Language: English (Spanish)
Genre: Marketing
Published (Last): 4 June 2014
Pages: 455
PDF File Size: 20.99 Mb
ePub File Size: 4.45 Mb
ISBN: 344-2-37596-286-4
Downloads: 82018
Price: Free* [*Free Regsitration Required]
Uploader: Femi

Chinese bad loan manager Cinda sits on its own debt mountain | Reuters

To fund this capital-intensive process, new investors are being asked to inject the equivalent of 15 billion yuan. Prospevtus Thomson Reuters Trust Principles. With just under half of the shares on offer already assigned to cornerstone investors, retail demand for the remaining shares is expected to be strong: That is far from a good start for the listing entity.

But that’s not enough to guarantee Cinda a good profit to pay the ministry the 9.

UPDATE 2-Cinda IPO unveils secrets of a Chinese bad debt factory

Thank you You are on the list. Cinda Asset Management was created to suck bad loans out of overstretched lenders; these days it mostly takes managemenf debts from companies.

Investors in the new Cinda are spared that backstory. This website uses cookies to ensure you get the best experience on our website.


InCinda Corp was established to take over Please enable cookies in your browser settings. Bangkok set to sparkle. Cinda said one of the main ways it conducts the distressed asset management business is by buying assets at a discount and selling them later for a profit. Half prspectus the debt is in the real estate sector, and backed by assets like land and buildings; a property crash is a big vulnerability. When the four bad debt managers were set up, the companies borrowed from the state to purchase the bad loans.

Cinda’s sweetener fails to hide toxins of sugar-coated poison | South China Morning Post

After all, Cinda’s management has already tried its hands at all sorts of businesses, without much success, such as securities, futures, investment banks, fund and insurance. Can blockchain free the 40 million people caught in modern slavery? So what is Beijing’s policy on Cinda? To investors, the big question is whether this policy sweetener is sweet enough to hide the bitterness of the toxic financial waste that Cinda is peddling as asset.

Why a city in Sweden’s Arctic north is having to move. By the way, Cinda has just written off 4. Bangkok set to sparkle Sponsored by: Please read our new Privacy Statement proepectus continuing. Learn more Got it!

In the name of reforms, the central bank is also cutting its lending to Cinda. Tuesday, 28 April, Cinda said as of June 30,the company had managemebt amount due to the Ministry of Finance of Bear in mind, the listing entity is separate from Cinda Corp and is controlled by the ministry.


Besides, it has to pay the instalments to the manqgement. Cinda’s sweetener fails to mask sugar-coated poison.

That raises the question if the sweetener – Cinda’s unique selling point – is at all sweet or merely sugar-coated poison. That allows it to borrow money from the banks and pour them into dubious debt and assets of non-financial enterprises such as property developers and miners reeling from the government’s cooling measures – in short, lending to cash-strapped private enterprises.

Why hairy crab is all the craze in China Oct 18th4: Among other things, Cinda also offers sub-scale insurance and securities businesses, a fast-growing trust company and a portfolio of unlisted shares it says are worth twice the value on the books.

We think you’d also like. Balance Trump, cosy up to China, Koreas: The sharp rise in Cinda’s account receivables to income ratio from cind Shanghai dumplings made the old fashioned way Sep 20th