from The Australian
The $US200 billion sovereign wealth fund China Investment Corporation is in a position to block the restructuring, given it holds 33 per cent of Paladin bonds due for repayment in 2020. Bondholders need to vote 75 per cent in favour of the restructure for it to go through, meaning CIC can also kill the deal and effectively consign Paladin to administration.
from The Australian The $US200 billion sovereign wealth fund...
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