Sunac China Becomes First Chinese Developer to Restructure Onshore Debt
Sunac China’s shares rose after it reached a deal to restructure around $2 billion in onshore debt, becoming the first Chinese property developer to do so as the country’s real-estate crisis drags on.
Sunac’s onshore debt deal bodes well for China’s troubled property sector: experts
Developer Sunac China Holdings secured approval for the restructuring of its onshore debt, a move that participants in the property market hailed as good news for China’s beleaguered real estate sector.
China Developer That Pioneered Debt Overhaul at Risk Again
Sunac China Holdings Ltd. became a model for the country’s defaulted developers by clinching the sector’s first major offshore debt restructuring deal. Now its problems are mounting again.
SUNAC (01918.HK) Soars 7%+ as Onshore Debt Restructuring Plan Approved
SUNAC (01918.HK) opened 6.6% higher today (22nd) and peaked at $1.8 in the early session. It last traded at $1.78, up 7.23%, on a volume of 53.1256 million shares, involving $94.5327 million. SUNAC announced that the restructuring plans of the ten bonds of Sunac Real Estate,
Sunac China lands first onshore debt reduction in troubled property sector
(Reuters) -Sunac China on Tuesday emerged as the first embattled Chinese property developer to successfully cut down on its onshore debt, after it said holders of all ten bonds had accepted its restructuring proposal.
Sunac China brings in new investor to restructure Chongqing Bay project
Embattled property developer Sunac China on Thursday said a private credit firm will invest 2.48 billion Chinese yuan ...
Yicai Global3d
Chinese Builder Sunac Falls After Creditors Agree to Halve USD2.1 Billion Local Debt
(Yicai) Jan. 22 -- Shares of Sunac China Holdings closed lower after the firm secured a deal to halve its CNY15.4 billion ...
Reuters19d
Exclusive: Sunac China flags difficulty making Sept dollar bond payments, sources say
HONG KONG, Jan 6 (Reuters) - Developer Sunac China has informed some of its dollar creditors it is unlikely to meet a September bond maturity deadline, two sources said, as weak sales raise the ...
Bloomberg L.P.15d
Sunac Says It Can’t Rule Out Second Offshore Debt Overhaul
Defaulted property developer Sunac China Holdings Ltd. said it can’t rule out a second offshore debt restructuring as a prolonged property crisis dims its outlook and it faces another court ...