Tsinghua Unigroup expects strategic investment in place by end of March


FILE PHOTO The logo of Tsinghua Unigroup is seen in its office in Beijing China November 15 2015. REUTERSKim Kyung-HoonFile Photo

FILE PHOTO: The logo of Tsinghua Unigroup is seen in its office in Beijing, China, November 15, 2015. REUTERS/Kim Kyung-Hoon/File Photo

BEIJING (Reuters) - A strategic investment of 60 billion yuan ($9.42 billion) will be in place for Chinese chip conglomerate Tsinghua Unigroup before March 31, a report by the local 21st Century Business Herald said on Wednesday.

The debt-laden company had earlier announced that a vote on the pending investment would take place on Dec. 29.

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