Tight liquidity in China has forced many companies to dispose of assets to keep themselves afloat, creating unprecedented bargain-hunting opportunities for overseas investors, according to analysts.
A slowing economy and a deleveraging campaign has caused a cash squeeze that has pushed many Chinese firms to sell assets and equities they would not normally be selling. The most high-profile case is HNA Group, which besides its overseas sales frenzy, has put up nine properties worth 14 billion…
Source : South China Morning Post
Read more…Struggling Chinese firms offloading assets means property bargains galore for foreign investors
