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. 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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