Hongkong Market Report Headlines

Chongqing Steel creditors agree to debt-for-equity swap - sources

Creditors of Chongqing Iron & Steel Co have voted to accept a debt-for-equity swap plan to restructure nearly 40 billion yuan ($6.04 billion) in debts, sources with knowledge of the matter told Reuters on Friday, giving the state-owned enterprise some reprieve as debt-servicing costs rise.