Core Viewpoint - Sunac China Holdings Limited successfully avoided a winding-up petition after the High Court dismissed the case, following the completion of a comprehensive offshore debt restructuring on December 23, 2025, which strengthened the company's financial structure [1] Group 1: Debt Restructuring - The successful restructuring allows the company to eliminate approximately $9.6 billion (around HKD 748.8 billion) of existing debt, contingent upon meeting restructuring conditions or obtaining waivers [1] - As part of the restructuring, the company will issue two mandatory convertible bonds to the planned creditors [1] - The company has reached a 10-year extension and equity settlement plan with Chiyu Banking Corporation for the remaining debt of HKD 858 million [1] Group 2: Market Impact - The dismissal of the winding-up petition alleviates market concerns regarding the company's potential insolvency [1] - The restructuring plan aims to thoroughly address debt risks and support the company's credit and long-term business recovery [1]
融创中国：高等法院驳回清盘呈请