Posted on 10/04/2021 3:52:37 AM PDT by Chickensoup
Please Explain. Exactly Why Do We Have a Shipping Crisis?
BTTT.
Oaktree Capital Group was owned in a joint venture with China since 2013. Oaktree Capital Group, LLC (NYSE: OAK) (“Oaktree”) and China Cinda Asset Management Co., Ltd. (“Cinda”) announced that they entered into a memorandum of understanding (“MOU”) memorializing their intent to jointly invest in distressed assets in China and to cooperate with respect to distressed assets investments in markets outside China. I am willing to bet China didn’t give up their cash cow that Oaktree Capital does not own thus couldn’t sell.
wy69
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.