SUNAC(01918): The domestic debt restructuring plan has been approved by relevant creditors.

date
21/01/2025
avatar
GMT Eight
SUNAC (01918) has announced that according to the announcements published on the websites of the Shanghai Stock Exchange and Shenzhen Stock Exchange by Sunac Real Estate from December 2024 to January 2025, the restructuring plans for ten bonds of Sunac Real Estate have all been approved by the relevant bondholders' meetings. The arrangements for repayment of principal and interest for the ten bonds will be adjusted, and restructuring options such as bond repurchase (i.e. cash tender offer), stock and/or stock economic rights redemption, and debt-for-equity swaps will be provided. Sunac Real Estate will proceed to arrange for bondholders to make choices and distributions among the restructuring options for the bonds they hold, in accordance with the provisions of the relevant clauses of the bondholders' meeting resolutions.

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