Tsinghua Unigroup’s new lease on life has prevented the collapse of a large hi-tech enterprise with businesses that form part of China’s semiconductor supply chain. Photo: Shutterstock
China’s Tsinghua Unigroup completes debt restructuring, ownership change to keep afloat its major semiconductor operations
- Under new owner Beijing Zhiguangxin Holding, Tsinghua Unigroup gets a new lease on life to run some of the nation’s major semiconductor operations
- Unigroup’s creditor repayment plan involves a cash outlay of US$8.94 billion and various debt-to-equity swaps
Tsinghua Unigroup’s new lease on life has prevented the collapse of a large hi-tech enterprise with businesses that form part of China’s semiconductor supply chain. Photo: Shutterstock
