Chinese developer Sunac to conduct second offshore debt restructuring

Chinese developer Sunac to conduct second offshore debt restructuring

The logo of property developer Sunac is seen outside a residential compound in Beijing, China September 19, 2023. REUTERS/Florence Lo/File Photo

Debt-laden property developer China Sunac told its offshore creditor it would carry out a second round of debt restructuring, a Hong Kong court heard on Monday, which would make it the first in the sector to do so.

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