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SUNAC Reportedly Gains Further Support from Domestic Bondholder on Restructuring, But Shr Price Still Plummets 15%+
Recommend 22 Positive 36 Negative 11 |
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SUNAC (01918.HK)'s restructuring plan won the support of one domestic bondholder last week, totaling 8 bondholders' support, and still needs the approval of another 2 bondholders to implement the debt restructuring, Reuters quoted insiders as saying. SUNAC opened flat today, and bottomed at $1.83. The stock last printed at $1.89, plummeting 15.25%, with 717 million shares traded, involving $1.422 billion. AAStocks Financial News |
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