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Top related persons:
Bobby Yip - 1 Ping - 1 CreditSights - 1 CICC - 1 Houlihan Lokey - 1 Sidley Austin - 1 Houlihan - 1 China Evergrande - 1
Top related locs:
Hong Kong China HONG KONG HK Beijing
Top related orgs:
REUTERS - 1 Insurance Group - 1 Ping An - 1 Sunac China Holdings Ltd - 1 HK - 1 Thomson - 1

Search resuls for: "Sunac China Holdings Ltd"


2 mentions found


☆ Exclusive: Country Garden aims to have offshore debt restructuring plan by year end
  + stars: | 2023-11-10 | by ( Xie Yu | ) www.reuters.com   time to read: +4 min
The company logo of Chinese developer Country Garden is displayed at a news conference in Hong Kong, China March 20, 2018. Country Garden, which has almost $11 billion of offshore bonds, declined to comment. The timeline for the company's debt restructuring plan has not been reported before. CreditSights said in a Nov. 2 research note that Country Garden had "formally defaulted" on its offshore bonds due to the missed payment. Sunac China Holdings Ltd (1918.HK) in October became the first to complete the debt revamp scheme for its $9 billion offshore debt after winning approval from creditors and courts.
Persons: Bobby Yip, Ping, CreditSights, CICC, Houlihan Lokey, Sidley Austin, Houlihan, China Evergrande, Hui Ka Yan, Xie Yu, Clare Jim, Sumeet Chatterjee, Edwina Gibbs Organizations: REUTERS, Reuters, Insurance Group, Ping An, Sunac China Holdings Ltd, HK, Thomson Locations: Hong Kong, China, HONG KONG, HK, Beijing
☆ China developer Sunac shares plunge after year-long suspension ends
  + stars: | 2023-04-13 | by ( ) www.reuters.com   time to read: +2 min
HONG KONG, April 13 (Reuters) - Chinese property developer Sunac China Holdings Ltd's (1918.HK) shares fell 45% on Thursday morning after resuming trade following a suspension of more than a year as it looks to restructure its debt after a default. The share slump comes a day after the company said in a statement to the Hong Kong stock exchange that it was to resume trading and was implementing a debt restructuring plan. Shares were down by nearly 60% in pre-market trading but trimmed losses after the market opened. Sunac is among many Chinese developers that defaulted last year as the property sector reeled under a debt crisis. Earlier this month, the Hong Kong stock exchange cancelled the listing of Chinese developer Cinic Holdings after it failed to meet trading resumption requirements in the time allotted.
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