Titan readies new proposal to restructure its debt

Debt-laden Titan Petrochemicals Group, controlled by partially state-owned fuel and metals trader Guangdong Zhenrong Energy, plans to present a new debt restructuring proposal to creditors to whom it owes more than US$400 million.

via Business feed http://www.scmp.com/business/companies/article/1346676/titan-readies-new-proposal-restructure-its-debt