BEIJING — Two major automakers, First Auto Works Group and Dongfeng Motor Corp., separately sign debt-to-equity swap agreements with China's four asset management companies (AMCs) and China Development Bank. In cooperation with the China Development Bank, China Huarong Assets Management Corp. (Huarong), China Cinda Assets Management Corp. (Cinda), China Orient Assets Management Corp. (Orient) and China Great Wall Assets Management Corp. (Great Wall) will become shareholders in the two ...
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