BEIJING - A strategic investment of 60 billion yuan ($9.42 billion) will be in place for Chinese chip conglomerate Tsinghua Unigroup before March 31, a report by the local 21st Century Business Herald said on Wednesday.

The debt-laden company had earlier announced that a vote on the pending investment would take place on Dec. 29.

Investors JAC Capital and Wise Road Capital will inject

60 billion yuan in cash as part of a restructuring plan for Tsinghua Unigroup, state media reported in December.

  - Reuters