Business · Companies · 7 hrs ago

China Water Environment Seeks to Restructure $410 Million in Loans

China Water Environment Seeks to Restructure $410 Million in Loans

China Water Environment Group is seeking to restructure its loans.

The company is seeking changes to about $410 million in offshore loans, meaning borrowing from outside China.

It is one of China’s largest sewage treatment firms.

The move comes as more Chinese state-backed firms face debt challenges.

The information available does not explain what new loan terms the company is seeking.

It also gives no timeline for the restructuring.

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