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d expand the market share Enhance their strength and reduce petition Minmetals39。 financial condition In 2022, Nolan amount to the total assets of $ billion In 2022, minmetals is the total assets of $ billion, Only half of Nolan39。s assets. What39。s more, Minmetals assetliability ratio is as high as %, Its own funds are limited. Main sources of capital Finance ? The loan syndication(辛迪加貸款) ? Led by China development bank, United Nations lending syndicate posed of many giant Banks ? Minmetals melting by the $4 billion is all provided by stateowned Banks ? Financing risk is big Acq