Sunac China wins court approval for plan to repay US$10.2 billion to creditors
Sunac jumped as much as 12 per cent to HK$2.31 in Hong Kong before closing at HK$2.19. The stock has more than doubled over the past five weeks in…
Source: biztoc.com
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Sunac China wins Hong Kong court approval to implement US$10.2 billion debt workout with creditors in boost to stock prices
Sunac moved ahead of its troubled peers in fixing its financial crisis after a court in Hong Kong sanctioned its US$10.2 billion debt workout plan with more than 2,000 offshore creditors.
Source: scmp.com
Sunac China Holdings: Sunac China to reduce stake in unit under debt restructuring plan, ET RealEstate
Sunac China Holdings: The Chinese property development and management group earlier this week obtained approval from its creditors for the $9 billion offshore debt restructuring plan, marking the first approval of such debt overhaul by a major Chinese property developer.
Source: indiatimes.com
Sunac China to reduce stake in unit under debt restructuring plan
Sunac China Holdings said on Thursday its stake in its unit Sunac Services will drop to 49.7%, following implementation of a restructuring plan that will allow the company's creditors to exchange...
Source: marketscreener.com
Hong Kong company reporting season | South China Morning Post
Latest news, analysis and opinion on the results of Hong Kong's reporting season, which involves firms traded on the Hong Kong Stock Exchange and listed on the Hang Seng index.
Source: scmp.com