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GLO Finishes Two NPL Deals Amounted to RMB11 billions in 2005
Led by Zhang Tao, Partner, Chief of the Specialists Committee on Legal Practice in the Field of Bad Assets of the Beijing Bar Association, Global Law Office representing COAMC (China Orient Assets Management Corporation) has just finished two deals of RMB7 billions in Changsha and RMB4.26bs in Xi'an of non-performing loan(NPL) between COAMC and two foreign funds. NDRC(National Development and Reform Commission) and SAFE(State Administration of Foreign Exchange) have approved these two deals.

On behalf of COAMC one of the top AMCs in China, Global Law Office finished a deal of US$410m NPL specially for national investors in 2003 and another international NPL transaction of US$240m in 2004.