China Cinda Said to Study Joining Yingli's Debt Restructuring

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 world’s biggest solar-panel maker.

Cinda is interested in participating in the debt reorganization because it sees potential in Yingli’s solar business, according to two people familiar with the matter, who declined to be identified because the information isn’t public. One possibility for Cinda is to help Yingli sell non-performing assets, the people said.