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mlkrborn

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mlkrborn

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Tuesday, 12/13/2011 10:02:28 AM

Tuesday, December 13, 2011 10:02:28 AM

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CMED $2.70 INTRA-DAY'S LOW on news: China Medical Tech intends to implement debt restructuring (CMED) 3.30 : Co announced it intends to implement a debt restructuring plan to improve its balance sheet. The plan may include, without limitation, a debt-for-debt exchange with existing holders of the Company's convertible notes maturing in August 2013 and December 2016, which may potentially involve holders receiving new debts with different interest rates, maturities and principal amounts compared to the existing debts or other alternatives to be agreed.
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