Sunac China Reports Progress on Debt Restructuring, Secures New Financing and Loan Extensions

Reuters
09/30
<a href="https://laohu8.com/S/SNCHQ">Sunac China</a> Reports Progress on Debt Restructuring, Secures New Financing and Loan Extensions

Sunac China Holdings Ltd. has reported ongoing progress in its restructuring efforts, focusing on accelerating property sales and expediting the collection of sales proceeds and receivables. The company has secured approximately RMB883 million in new financing, primarily for guaranteed home delivery, and has successfully negotiated loan extensions totaling about RMB1.412 billion. Sunac is also actively engaging with creditors to resolve outstanding onshore lawsuits and is pursuing amicable settlements. The company announced that holders of over 75% of the aggregate outstanding principal amount of the debt subject to the restructuring support agreement have acceded to the plan. A substantive court hearing to determine whether to sanction the scheme is scheduled for 5 November 2025. Sunac will continue to provide updates on material developments as they arise.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sunac China Holdings Ltd. published the original content used to generate this news brief on September 30, 2025, and is solely responsible for the information contained therein.

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