FerroChina restructuring reassures foreign creditors

October 10, 2009 | BY

clpstaff &clp articles

Foreign investors in China can breathe a sign of relief. If their company gets into trouble, they will be treated equally with Chinese creditors. But,…

Foreign investors in China can breathe a sign of relief. If their company gets into trouble, they will be treated equally with Chinese creditors.

But, as FerroChina's pending restructuring shows, if creditors are not onshore, the chance of recovering their cash is slim.

After months of speculation, the last of FerroChina's five groups of creditors voted on Sunday to approve a restructuring that will see onshore creditors walk away with a portion of their cash.

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