15
Mar
06:23
Anyang receives debt-for-equity swap investment
Anyang Iron & Steel Group has received its first tranche of investment from China Construction Bank (CCB) as part of their debt-for-equity swap deal, the company says. The first batch includes CNY 1.6 billion ($253.29 million) in investment while another CNY 1.4 billion has been approved by CCB, Kallanish notes.
Last year Anyang signed a CNY 10 billion debt-for-equity investment fund deal with CCB with the support of the local Hubei government. CNY 1.6 …
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