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Cover Story: The Debt Crisis of Former Corporate Raider Baoneng

2021年09月14日 16:37 来源于 财新网
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Since the failed Vanke bid, Baoneng Investment Group is now $31 billion in debt after forays into cars and mobile phones fell short

Baoneng Investment Group Co. Ltd., a Shenzhen-based private property and financial services company, is the latest Chinese conglomerate to face a massive debt crisis. Baoneng is best known for its failed 2015 hostile takeover attempt of major property developer China Vanke Co. Ltd.

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