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

Source: Tech – South China Morning PostTsinghua 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…Read More

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