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Sunac China unveils restructuring plan for $9.6bn debt

August 22, 2025 at 10:06 AM UTC•By FilingReader AI

Sunac China Holdings will issue mandatory convertible bonds to creditors as part of restructuring US$9.6bn in offshore debt. The bonds have conversion prices of HK$6.80 and HK$3.85 per share.

The company will also launch an employee stock ownership plan issuing up to 1.1bn shares and double its authorized share capital to HK$3bn.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

Primary Source Document

(1) POSSIBLE TRANSACTIONS IN CONNECTION WITH THE RESTRUCTURING INVOLVING, AMONG OTHERS: (a) ISSUE OF MANDATORY CONVERTIBLE BONDS UNDER SPECIFIC MANDATE; (b) CONNECTED TRANSACTION - ISSUE OF MANDATORY CONVERTIBLE BONDS TO SUBSTANTIAL SHAREHOLDER; (c) ADOPTION OF THE EMPLOYEE STOCK OWNERSHIP PLAN; (2) PROPOSED INCREASE IN AUTHORISED SHARE CAPITAL; AND (3) NOTICE OF EGMAugust 22, 2025 at 09:50 AM UTC

Sunac China Holdings

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