Bankrupt Tsinghua Unigroup advertises for investors

By David Manners, Electronics Weekly (July 26, 2021)

Bankrupt Tsinghua Unigroup is looking for investors to bail it out. It has debts of $30.8 billion.

The website of China’s National Enterprise Bankruptcy Information Disclosure Platform is asking for investors saying that they must have $7.7 billion in minimum total assets or $3 billion in minimum net assets.

It also says: “The strategic investors should have operational capability and managerial experience in semiconductor and cloud businesses. They must be able to promote the development of our core businesses.”

Click here to read more ...

 Back