Group 1 - The core point of the news is that Sunac China (01918.HK) has announced a domestic debt restructuring plan for its wholly-owned subsidiary, Sunac Real Estate, which has been approved by relevant domestic bondholders [1] - The restructuring options include cash buyback, stock economic rights payment, and debt-to-equity swaps for domestic bondholders [1] - Sunac Real Estate has repurchased approximately RMB 8 billion of domestic bonds with a total value of about RMB 40 billion as part of the buyback option [1] Group 2 - For the stock option, bondholders can receive 13.5 shares of the company for every RMB 100 face value of the domestic bonds they hold [1] - On July 3, 2025, the company entered into a subscription agreement with a special purpose company to issue a total of 754,468,943 shares, which will be used to pay off approximately RMB 56 billion of related domestic bonds for those who choose the stock option [1] - The special purpose company is registered in the British Virgin Islands and is established to facilitate the stock option in the domestic debt restructuring [2]
融创中国(01918.HK)拟发行7.54亿股新股用于偿付56亿元相关境内债券