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Sunac China Holdings ( (HK:1918) ) has provided an announcement.
Sunac China Holdings Limited has announced significant progress in its offshore debt restructuring efforts. The company has reached an agreement with major creditors holding approximately US$1.3 billion in debt, with additional creditors expressing support. This restructuring plan aims to address offshore debt risks, establish a sustainable capital structure, and support long-term business recovery by offering creditors the opportunity to convert debt into equity. The company urges all creditors to join the restructuring agreement to ensure a successful outcome.
More about Sunac China Holdings
Sunac China Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in the real estate industry. It focuses on property development and management, catering to the growing demand for residential and commercial properties in China.
YTD Price Performance: -2.22%
Technical Sentiment Signal: Buy
Current Market Cap: $1.8B
See more data about 1918 stock on TipRanks’ Stock Analysis page.