Mar
27
Troubled China Conglomerate Puts All Properties on Block
By-
Chairman under scrutiny, firm said to be taken over by state
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Pressure mounting on CEFC as banks form creditors committee
CEFC China Energy Co., the sprawling conglomerate that’s come under increasing government scrutiny, plans to sell its entire global property portfolio with a book value of more than 20 billion yuan ($3.2 billion), according to people with knowledge of the matter…
