Chinese Defaulter Tus-Holdings May Delay Payment Under Debt Plan.

Chinese technology park operator Tus-Holdings Co. may face a delay in making the first payment under its debt overhaul, according to anonymous sources. Tus-Holdings, previously owned by Tsinghua University, was originally scheduled to make the payment on Monday, which includes a consent fee and principal payments. The final decision on the payment has not been made yet. This potential delay raises concerns about the financial support of the company's new state-backed shareholders. Tus-Holdings' restructuring plan involves two dollar bonds worth approximately $900 million, with offers for upfront cash payment and higher prices for partial repayment. [Extracted from the article]