Chinese debt firm moves in on embattled Delong

Newswire

SHANGHAI, Sept 30 (Reuters) - China has appointed more than a dozen officials to the senior ranks of once-prominent private firm Delong, the first concrete step toward resolving a multi-billion-dollar scandal that has cast a pall on markets. Huarong Asset Management -- one of the country's four state debt-clearing firms -- seized Delong's assets in August and will now replace board members in four of Delong's listed units with its own people, the affected corporations said on Thursday. ...

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