Sunac China Holdings Ltd. Advances Onshore Debt Restructuring and Secures RMB620 Million for Guaranteed Home Delivery

Reuters
Jun 30
Sunac China Holdings Ltd. Advances Onshore Debt Restructuring and Secures RMB620 Million for Guaranteed Home Delivery

Sunac China Holdings Ltd. has made significant strides in addressing its financial challenges by implementing an onshore debt restructuring plan. The plan involves options for creditors, including bond repurchase, equity payment, and debt settlement with assets. Approved by creditors in January 2025, this plan has notably reduced the company's onshore public debt and eased its repayment burden for the next five years. Sunac Real Estate, a wholly-owned subsidiary, has been actively coordinating with bondholders to ensure the effective allocation of these options. The restructuring efforts are part of a broader Action Plan aimed at resolving the auditor's Disclaimer of Opinion, with ongoing updates provided to keep stakeholders informed.

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