Sunac China Holdings Ltd. has announced updates regarding its offshore debt restructuring process, specifically the extension of the base consent fee deadline. The company has received letters from holders representing approximately 83% of the total outstanding principal amount of its existing securities, indicating their agreement to the Restructuring Support Agreement (RSA). Overall, about 74% of the total outstanding principal amount of the existing debt, including these securities, have submitted letters to accede to the RSA. This development marks a significant step in the company's efforts to manage its financial restructuring.
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