Type: Purchase of over 3,000 distressed mortgages from a foreign bank in Malaysia in 2007.
Description: Allstones Group held 48% of the SPV, incorporated under the Guidelines on the Disposal / Purchase of Non-Performing Loans by Banking Institutions (NPL Guidelines). Allstones worked with its hedge fund partner on the acquisition and submission of approvals to the authorities. The shareholding was subsequently disposed upon completion of the acquisition in third quarter of 2007.
Financial Partner: A foreign Hedge Fund. One of its major investors in its series of funds includes the Asian Development Bank.