December 9, 2016 / 5:58 AM / 8 months ago

China's Shanxi Coking Coal signs debt-to-equity swap agreement with CCB

BEIJING, Dec 9 (Reuters) - China's Shanxi Coking Coal Group said on Friday it has signed a framework debt-to-equity swap agreement with China Construction Bank .

Shanxi Coking Coal Group will set up two funds totalling 25 billion yuan ($3.62 billion) with China Construction Bank as part of the agreement, it added.

($1 = 6.8990 Chinese yuan renminbi)

Reporting by Beijing Monitoring Desk; Editing by Kim Coghill

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