Shanghai Wensheng Investment Management Co., Ltd. was incorporated in Shanghai in 2006. It is a wholly-owned subsidiary of Zhejiang Wenhua Holdings, mainly engaged in investment business such as disposal of non-performing assets.
By the end of 20 12, Shanghai Wensheng Investment Management Co., Ltd. had successfully acquired 17 financial non-performing asset packages in Shanghai, Beijing, Hebei and other regions, and invested 1200 million yuan in cash, and the principal and interest of the acquired asset packages exceeded1500 million yuan.