TIH forms 3-way venture to capture slice of China's financing pie

Setting up of online financing platform aimed at tapping opportunities from Beijing's moves to boost waning property market


MAINBOARD-listed TIH Ltd has tied up with a bad-loans servicing specialist and an online finance firm to tap China's real estate mortgage market.

The listed private equity firm has inked a memorandum of understanding (MOU) with non-performing loans servicing specialist Sheng Yuan Investment Management and a Chinese online finance marketplace.

The partnership is aimed at establishing a peer-to-peer online platform which provides financing secured by high quality collateral (including properties)...

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