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The company is offering a road-map for resolving similar debt crises in the future as the prospect of more failures by state-backed firms looms, the reports said, adding, the one-time Fortune Global 500 company from the northern port city of Tianjin said dollar bond investors representing 57% of the total $1.25 billion have agreed to be paid just 37 to 67 cents on the dollar, depending on the maturity of the debt.
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