On June 11th, Gelunhui reported that Tianjin TEDA (000652.SZ) announced that its subsidiary, Tianjin TEDA Environmental Protection Co., Ltd., plans to implement a new round of market-oriented debt-to-equity swaps. China Cinda Financial Asset Management Co., Ltd. (hereafter referred to as 'Cinda Financial Asset') will invest 1 billion yuan, while the company will invest 250 million yuan to acquire a total of 37.4401% equity in Tianjin TEDA Environmental Protection Co., Ltd., held by the original debt-to-equity shareholders Agricultural Bank of China Financial Asset Investment Co., Ltd. (hereafter referred to as 'AgBank Investment') and Shaanxi Financial Asset Management Co., Ltd. (hereafter referred to as 'Shaanxi Financial Asset'). In addition, Cinda Financial Asset will provide an additional 200 million yuan for market-oriented debt-to-equity swaps, the additional capital will mainly be used to repay the debt of Tianjin TEDA Environmental Protection Co., Ltd. (including bank loans of Tianjin TEDA Environmental Protection and its wholly-owned subsidiary bank loans).
泰达股份(000652.SZ)：控股子公司泰达环保拟引入投资者继续实施市场化债转股
Tianjin Teda (000652.SZ): Its subsidiary, Tianjin Teda Eco-friendly Concept, plans to introduce investors to continue the implementation of debt-for-equity swaps in the market.
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