Sunac China Holdings (HK:1918) has released an update.
Sunac China Holdings Limited has announced that no cash interest will be paid for its Convertible Bonds on the interest payment date of September 30, 2024. Instead, a payment-in-kind interest of approximately $3.6 million will be accrued, increasing the outstanding principal amount of the bonds to over $727 million. This announcement is in compliance with the Hong Kong Stock Exchange listing rules and is not intended as an investment inducement.
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