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ProMOS creditors agree debt-for-equity swap

Josephine Lien, Taipei; Jessie Shen, DIGITIMES Asia Wednesday 27 July 2011 0

ProMOS Technologies had been in talks with its creditor banks, and finally worked out plans to ease its financial burden. The company announced it has struck a deal with more than 30 banks to swap some NT$28 billion (US$) of the debts its owes into...

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