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Stock Market & Financial Investment News

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November 25, 2013
08:32 EDTOAKOaktree Capital, China Cinda Asset Management announce joint venture
Oaktree Capital Group, LLC and China Cinda Asset Management have entered into a memorandum of understanding memorializing their intent to jointly invest in distressed assets in China and to cooperate with respect to distressed assets investments in markets outside China. The MOU contemplates that Oaktree and Cinda will establish a strategic relationship and pursue business cooperation opportunities utilizing Cinda’s experience in China and Oaktree’s experience elsewhere. Both parties anticipate forming a joint venture that will be equally owned by Oaktree and Cinda to invest in distressed assets in China, subject to negotiation and execution of definitive documentation.
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