China’s government is considering a plan that will make Sinosteel the first state-owned steelmaker to try out a debt-for-equity swap to clean up its books. Photo: AP

Sinosteel to try debt-to-equity swap to restructure loans

Proposal may cut debt load to 60 billion yuan, from 100 billion yuan

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China’s government is considering a plan that will make Sinosteel the first state-owned steelmaker to try out a debt-for-equity swap to clean up its books. Photo: AP
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