Summary by Moomoo AI
Sunac China Holdings Limited ("Sunac China") announced on November 14, 2024, that its wholly-owned subsidiary Sunac Real Estate Group Limited ("Sunac Real Estate") intends to carry out a debt restructuring plan for domestic bonds and supply chain asset-backed special plans. The restructuring plan includes four options: cash tender offer, stocks and/or equity economic benefit redemption, debt-to-assets exchange, and full-term extension. The preliminary plan proposed by Sunac Real Estate has not yet been finalized and will be advanced through a bondholders' meeting. The completion of the domestic debt restructuring is subject to the approval of creditor proposals and the fulfillment or waiver of related conditions. Shareholders, securities holders, and potential investors are advised not to rely entirely on the information contained in this announcement and to act cautiously.