Chairman Lai Xiaomin says Huarong is considering buying the bad assets of companies outside the financial industry. Photo: Bloomberg

Warburg Pincus to invest US$700m in Huarong Asset Management

Warburg Pincus is paying almost US$700m for the biggest chunk of a stake in the bad-loan manager sold to an investor group, sources say

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Chairman Lai Xiaomin says Huarong is considering buying the bad assets of companies outside the financial industry. Photo: Bloomberg
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