by Amruth Sundarkumar | Jul 13, 2022 | China, Corporates, Distressed / Defaulted Bonds
Tsinghua Unigroup has completed a year-long debt restructuring since its court-ordered restructuring in July 2021. Beijing Zhiguangxin Holding, which was formed last year by lead investor Wise Road Capital, and its sister fund JAC Capital have fully taken over...
by Amruth Sundarkumar | Apr 20, 2022 | China, Corporates, Distressed / Defaulted Bonds
China’s Tsinghua University will hand over its investment arm, Tsinghua Holdings to the Sichuan State-owned Assets Supervision and Administration Commission (SASAC) for no consideration. The government agency will then transfer the assets to Sichuan Energy Industry...
by Amruth Sundarkumar | Apr 6, 2022 | China, Distressed / Defaulted Bonds
China’s Tsinghua Unigroup has seen a consortium led by strategic investors win a bid to lead its $9.4bn debt restructuring. Government-backed Beijing Jianguang Asset Management Co. Ltd.(JAC Capital) and Wise Road Capital Ltd were the winning bidders. Tsinghua...
by Amruth Sundarkumar | Dec 14, 2021 | China, Distressed / Defaulted Bonds
Troubled Chinese chipmaker Tsinghua Unigroup will see a consortium led by Beijing Jianguang Asset Management and Wise Road Capital becoming its strategic investors pending court approval in a proposed RMB 60bn ($9.4bn) restructuring plan. The deal would culminate a...
by Amruth Sundarkumar | Nov 18, 2021 | China, Distressed / Defaulted Bonds
A consortium led by Alibaba Group that includes funds backed by the Zhejiang government, has emerged as the frontrunner to take over troubled chipmaker Tsinghua Unigroup for a possible RMB 50bn ($7.8bn) deal. Sources say that the government is leaning towards the...
