Sunac China plans to issue 754 million shares to SPV to raise 5.6 billion yuan for domestic debt repayment stock options
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Sunac China announced that it will allocate 754 million shares to the special purpose company Bright Bene (BVI) Investment Limited to raise RMB 5.6 billion for the repayment of domestic bondholders of stock options. This allocation is part of the domestic debt restructuring plan aimed at providing economic benefits of shares to bondholders. The company will apply to the Stock Exchange for approval of the listing and trading of these shares
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