Sunac China issues 754m new shares in debt restructuring

Sunac China Holdings issued 754 million new shares at 7.41 yuan each on July 9 as part of its onshore debt restructuring, increasing total issued shares to 11.47 billion.

The company reported July contracted sales of 1.53 billion yuan covering 71,000 square metres. Year-to-date sales reached 25.08 billion yuan across 792,000 square metres.