The latest update is out from Sunac China Holdings ( (HK:1918) ).
Sunac China Holdings Limited announced the adjournment of a winding-up petition hearing to April 28, 2025, as part of its efforts to manage financial challenges. The company is also undertaking a comprehensive offshore debt restructuring, appointing financial and legal advisors to address its current debt risks, and is urging creditors for patience and support. Additionally, Sunac is closing the conversion window for its mandatory convertible bonds on April 3, 2025, requiring bondholders to submit conversion notices by this date.
More about Sunac China Holdings
Sunac China Holdings Limited is a real estate company incorporated in the Cayman Islands, primarily engaged in property development and investment. It operates in the Chinese market, focusing on residential and commercial properties.
Technical Sentiment Signal: Buy
Current Market Cap: $2.09B
Learn more about 1918 stock on TipRanks’ Stock Analysis page.