Sunac China Holdings ( (HK:1918) ) has provided an announcement.
Sunac China Holdings Limited has announced the commencement of the conversion window for its Mandatory Convertible Bonds (MCB), amidst its ongoing offshore debt restructuring process. With a current unconverted principal amount of approximately $717 million, bondholders are encouraged to convert their bonds into shares, following a winding-up petition filed by China Cinda Asset Management. The conversion is subject to specific terms, with an initial conversion price set at HK$4.00 per share, though potential investors and securities holders are advised to exercise caution due to potential restrictions on share transfers.
More about Sunac China Holdings
Sunac China Holdings Limited is a prominent player in the real estate industry, primarily engaged in property development and management. The company focuses on offering high-quality residential and commercial properties in China, catering to a diverse range of market needs.
YTD Price Performance: -2.22%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.98B
For detailed information about 1918 stock, go to TipRanks’ Stock Analysis page.