Tue 12/28/2021 04:20 AM
Sunac China will complete the transferral of onshore funds to its offshore accounts today, Dec. 28, to redeem its $620 million offshore private bonds maturing at the end of this month, according to a source familiar with the matter and a source briefed by the company.
The company also denied rumors circulating online that it was in talks with certain trust loan lenders for a maturity extension, saying that they have been repaid on time.
Sunac also told investors that recent protests at the...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.