BEIJING, Feb. 11 (Xinhua) -- China Great Wall Asset Management Co., Ltd., one of China's four distressed debt managers, will invest 108 billion yuan on acquiring non-performing assets in 2019, announced the company.
The company will focus its main business on non-performing assets management in 2019. Among the 108 billion yuan, 60 billion yuan will be used to purchase financial non-performing assets, while the rest 48 billion yuan will be used to acquire non-financial non-performing assets.
In 2018, the disposal of bad assets by Great Wall Asset Management totaled 179.2 billion yuan, up 20 percent year-on-year, with disposal of cash recovery totaling about 26.2 billion yuan.
Besides, Great Wall Asset Management will spend 10 billion on M&A restructuring business in 2019, added the company.
(Edited by Bao Nuomin, [email protected])
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