Displaying items by tag: Jindong Development Group
Industrial and Commercial Bank of China signs US$720m debt-for-equity swap with Jindong Development
19 December 2016China: Industrial and Commercial Bank of China has agreed to a US$720m debt swap with Jindong Development Group. The bank will use a limited partnership fund to invest US$360m in the cement producer in the first phase of the transaction, according to Reuters. After the proposed swap is completed, Jindong Development's leverage ratio will fall by 8%.
Published in
Global Cement News