[lbo-talk] Citigroup acquires China's bad assets worth 36.4 billion yuan

Ylle ylle521 at highstream.net
Wed Nov 30 10:25:55 PST 2005

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At 08:09 AM 11/30/05, you wrote:
>People's Daily Online
>
>Business
>
>November 29, 2005
>
>Citigroup acquires China's bad assets worth 36.4 billion yuan

May I tug someone's sleeve with an Financial Issues 101 question? Why would a company want to acquire bad loans like this? How do they make money off it?

Maria

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