Summary by Futu AI
Sunac China Holdings Limited ("Sunac China") announced on November 14, 2024, that its wholly-owned subsidiary Sunac Real Estate Group Limited ("Sunac Real Estate") intends to carry out a debt restructuring of its domestic bonds and supply chain asset-backed special plan. The restructuring plan includes four options: cash tender offer, stocks and/or stock economic income rights redemption, debt offset with assets, and full-term extension. The preliminary plan proposed by Sunac Real Estate has not yet been finalized and will be advanced through a bondholders' meeting. Completion of the domestic debt restructuring is subject to the proposal by creditors being approved and related conditions being met or waived. Shareholders of the company, securities holders, and potential investors have been advised not to rely entirely on the information contained in this announcement and should exercise caution.