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SUNAC Swells 10%+ as Domestic Debt 2nd Restructuring Said to Pass
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SUNAC (01918.HK)'s domestic debt "H Sunac 05" second restructuring was approved by creditors' vote last Friday (10th), Chinese media reported. The total amount of this domestic debt restructuring is valued at RMB15.4 billion, involving 10 domestic debts, with the new plan expected to reduce the debt ratio by over 50%. According to the report, 9 out of the 10 domestic bonds have already passed the restructuring, and only "H Sunac 07" has yet to reach an effective resolution. A bondholders' meeting may be reconvened to review the restructuring proposal before the 21st of this month. SUNAC last printed at $1.46, up 12.31%, on a volume of 512 million shares, involving $716 million. AAStocks Financial News |
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