China’s Hidili, banks discussing possible onshore debt restructuring

By Caroline Salls

Pittsburgh, May 4 – Hidili Industry International Development Ltd. met for a second time Tuesday with a committee of its onshore lending banks for preliminary talks regarding a possible onshore debt restructuring, according to a news release.

Hidili said it initially met with the onshore lending banks on April 26, and the committee was subsequently formed.

The lending banks assessed the company’s debt position at the April 26 meeting and discussed the need for debt restructuring measures.

Based in Panzhihua, China, Hidili is a coal and coke company.

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