China Cinda Asset Management Co., a Chinese state-owned asset-management company, has conducted due diligence on possible participation in restructuring the debt of Yingli Green Energy Holding Co., once the worlds biggest solar-panel maker.
Cinda is interested in participating in the debt reorganization because it sees potential in Yinglis solar business, according to two people familiar with the matter, who declined to be identified because the information isnt public. One possibility for Cinda is to help Yingli sell non-performing assets, the people said.
China Cindas interest was reported earlier by China Business News, which didnt say where it got the information.
Yingli, which hasnt reported a profit since the second quarter of 2011,…
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