ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Caixin

Baoneng slaps 'for sale' sign on assets to raise $15bn

Corporate raider is latest Chinese conglomerate facing huge debt crisis

Shenzhen-based Baoneng had interest-bearing liabilities of $31 billion as of the end of September.   © AP

Cash-strapped Baoneng Investment Group slapped "for sale" signs on a slew of assets including an office building, logistics park, plots of land and equity in financial companies in hopes of scraping up funds to shrink its $31 billion debt.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more