China: Chalco unveils $1.9b debt-for-equity swap deals with state funds, insurers

Chinese 100 yuan banknotes are seen in this picture illustration taken in Beijing May 7, 2013. REUTERS/Petar Kujundzic

China’s Chalco said on Monday eight investors, including state-run asset management firms and insurers, had taken part in a 12.6 billion yuan ($1.9 billion) debt-for-equity swap at four of its business units.

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