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A Chinese language state-owned asset administration firm mentioned it would spend 6 billion yuan (US$930 million) to purchase a 20 per cent fairness stake within the shopper credit score unit of Ant Group, as a part of the growth of the capital base of a automobile created this summer season to soak up Ant’s profitable Huabei and Jiebei operations.China Cinda Asset Administration, one of many nation’s 4 largest unhealthy loans managers created in late 1999, had agreed with associated events to get an extra 20 per cent stake in Chongqing Ant…
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