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China semiconductors: Tsinghua Unigroup seeks white knight for massive bailout




Debt-ridden Tsinghua Unigroup, the former high-flying technology conglomerate affiliated with China’s top university, is seeking a massive bailout from deep-pocketed investors amid bankruptcy proceedings that could force the company to divest its semiconductor assets.Unigroup, saddled with more than 200 billion yuan (US$30.8 billion) in total liabilities, is looking for a white knight with the financial resources to help clear its debts and industry experience to continue its semiconductor and…



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