The winning bidder for beleaguered Chinese chip maker Tsinghua Unigroup has finally completed a 60 billion yuan (US$9.4 billion) takeover payment after missing an earlier deadline, people familiar with the matter said.
Unigroup’s administrators sent a notice to creditors late Friday that the JAC Capital-led consortium made full payment of the promised funds, the people said, asking not to be identified because the information is private.