Sunac China Holdings (HK:1918) has released an update.
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Sunac China Holdings Limited has announced that no cash interest will be paid for its Convertible Bonds on the interest payment date of September 30, 2024. Instead, a payment-in-kind interest of approximately $3.6 million will be accrued, increasing the outstanding principal amount of the bonds to over $727 million. This announcement is in compliance with the Hong Kong Stock Exchange listing rules and is not intended as an investment inducement.
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