Summary by Futu AI
Sunac announced on September 30, 2024, that according to the trust deed dated November 20, 2023, its 1.0/2.0% convertible bonds due in 2032 will not pay cash interest on the interest payment date of September 30, 2024. The accumulated total of the physical interest payments (PIK interest) for the convertible bonds amounts to 3,618,416 US dollars, leading to an increase in outstanding principal from 723,683,167 US dollars to 727,301,583 US dollars. The company emphasized that this does not constitute an offer to the public in any jurisdiction to purchase securities, and there will be no public offering of securities in the USA. Sunac's executive directors include Mr. Sun Hongbin and five others, non-executive director Mr. Lin Huaihan, and independent non-executive directors include Mr. Pan Zhaoguo and four others.