China semiconductors: Tsinghua Unigroup’s creditors, shareholders back troubled tech conglomerate’s debt restructuring plan

//China semiconductors: Tsinghua Unigroup’s creditors, shareholders back troubled tech conglomerate’s debt restructuring plan

China semiconductors: Tsinghua Unigroup’s creditors, shareholders back troubled tech conglomerate’s debt restructuring plan

Tsinghua Unigroup said on Wednesday that most of its creditors and shareholders have approved its debt restructuring plan, as the once high-flying semiconductor conglomerate associated with China’s top university moved closer to ending a months-long renegotiation of its outstanding liabilities.A successful vote in favour of that plan was reached on Wednesday during a second creditors’ meeting presided by Unigroup’s government-appointed custodian team, who briefed representatives of the company…

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By | 2021-12-30T11:30:24+00:00 December 30th, 2021|Technology|Comments Off on China semiconductors: Tsinghua Unigroup’s creditors, shareholders back troubled tech conglomerate’s debt restructuring plan