BEIJING (Reuters) -- China's debt-laden Tsinghua Unigroup on Wednesday said creditors had backed a draft restructuring proposal for the chip conglomerate after local media reported that a strategic investment of 60 billion yuan ($9.42 billion) was on the way.
China debt crunch
China's Tsinghua Unigroup says creditors back restructuring plan
Chipmaker clears a major hurdle as $9.2bn investment reportedly on way
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