Caixin
Sep 02, 2022 07:03 PM
FINANCE

Trust Firm Run by Jailed Chinese Tycoon Goes on Sale for $333 Million

What’s new: New Times Trust Co. Ltd., one of the nine financial firms seized by regulators from fallen tycoon Xiao Jianhua, is up for sale starting at 2.3 billion yuan ($333 million).

An announcement published by the China Beijing Equity Exchange this week shows that all 6 billion shares of the Inner Mongolia-based trust firm have been available for bidding since Thursday.

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