Debt-ridden Tsinghua Unigroup meets creditors to update them on latest restructuring moves

//Debt-ridden Tsinghua Unigroup meets creditors to update them on latest restructuring moves

Debt-ridden Tsinghua Unigroup meets creditors to update them on latest restructuring moves

Tsinghua Unigroup and its six subsidiaries met creditors on Monday in a virtual meeting to update them on the latest round of its debt restructuring process, according to a statement from the group on Monday.The once high-flying conglomerate associated with China’s top university has entered a bankruptcy restructuring process following a Beijing court order after being sued by investors. It began a search in July for deep-pocketed investors for a “complete bailout” to avoid selling its high…

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By | 2021-10-19T15:45:24+00:00 October 19th, 2021|Technology|Comments Off on Debt-ridden Tsinghua Unigroup meets creditors to update them on latest restructuring moves