China Bohai Bank proposed to sell US$3.5 billion worth of assets at a discount to bidders including the nation’s bad debt managers via a public tender to shore up capital levels.
The assets, with a principal amount of 25.6 billion yuan (US$3.5 billion), will be be disposed to potential bidders, including China’s big four bad banks led by China Cinda Asset Management, according to an exchange filing on Monday.
Source: TRADE FINANCE
