People on a property tour talk outside of a show flat at a residential property developed by Sunac China Holdings in Xishuangbanna Dai Autonomous Prefecture, Yunnan Province, China, June 22, 2019. REUTERS/Lusha Zhang Acquire Licensing RightsSept 19 (Reuters) - Chinese developer Sunac China Holdings (1918.HK) has filed for Chapter 15 protection from creditors in a U.S. bankruptcy court, court documents showed on Tuesday. Creditors of Sunac China Holdings approved its $9 billion offshore debt restructuring plan on Monday, marking the first approval of such debt overhaul by a major Chinese property developer. Sunac is among a string of Chinese property developers that have defaulted on their offshore debt payment obligations since the sector was hit by a liquidity crisis in 2021, roiling global markets. Reporting by Jyoti Narayan in Bengaluru; Editing by Christopher Cushing and Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

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Persons: Lusha Zhang, Jyoti Narayan, Christopher Cushing, Jacqueline Wong Organizations: Sunac China Holdings, REUTERS, HK, Thomson Locations: Xishuangbanna Dai Autonomous Prefecture, Yunnan Province, China, U.S, United States, Bengaluru