In addition, General Motors today is the bondholders will also decide whether to accept the deadline for debt-equity swap agreement.
By January 24, 2000, 78 enterprises had signed debt-to-equity swap agreement, framework agreement or letter of intent with financial assets management companies or banks with the transaction value of more than RMB 112.2 billion.
The enforcement of debt-to-equity swap requires a good environment to ensure its beneficiary development.
Taking long views of the development of market economy system and modern business system, all the reform institution should be formulated mating with the "debt-equity swap"policy.
Carrying out debt-to-equity swap programs in enterprises where conditions permit
Let me give you another example. For reforms in the financial sector, we can explore market-based approaches for debt-for-equity swap to help lower corporate leverage ratio.
And it should be stipulated that AMC should have the absolute right to control the debt-to-equity swap enterprises.
In addition, 26 GM bondholders will also decide whether to accept the deadline for debt-equity swap agreement.
Most enterprises that go through debt-to-equity swap exercise can make up the deficits and get surpluses within the same year.
The banks could seek a debt-for-equity swap.
Debt-to-equity swap; To swap the debts into equity