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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.

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