Tsinghua Unigroup expects strategic investment in place by end of March

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

Investors JAC Capital and Wise Road Capital will inject

60 billion yuan in cash as part of a restructuring plan for Tsinghua Unigroup, state media reported in December.

($1 = 6.3718 Chinese yuan renminbi)