Core Viewpoint - The company, Sunac China (01918.HK), announced that its debt restructuring is expected to take effect around December 23, 2025, contingent upon meeting or waiving restructuring conditions [1] Debt Restructuring - Upon the effective date of the restructuring, approximately $9.6 billion of the company's existing debt will be fully discharged [1] - As part of the restructuring plan, the company will issue Mandatory Convertible Bonds 1 and 2 to the plan creditors on the effective date [1] Specific Debt Agreements - The company, along with its subsidiary Sanya Qingtian, has entered into a restructuring agreement with Jiyou to address the remaining debt outside the comprehensive offshore debt restructuring [1] - As of the signing date of the Jiyou restructuring agreement, the outstanding principal of the loan is HKD 858 million [1] - Under the Jiyou restructuring agreement, the outstanding amount will be restructured as follows: (a) 35% of the outstanding principal (HKD 300.3 million) will be classified as a loan post-restructuring, with a ten-year extension; and (b) the remaining outstanding amount will be settled through the issuance of new shares to Jiyou, deemed irrevocable and unconditional [1] Overall Impact - The completion of the comprehensive offshore debt restructuring and the Jiyou transaction aims to thoroughly resolve the company's debt risks, supporting the overall credit and long-term business recovery of the company [1]
融创中国(01918.HK)预计重组生效日期于2025年12月23日或前后落实