Troubled Chinese property developer (aren't they all?) Sunac has had some good news, a bit of a breakthrough on its debt restructuring.
ICYMI:
- A court approved a $10bn restructure plan agreed with creditors
- Sunac will issue new notes and convertible bonds to creditors as part of its plan
Sunac was one of China’s largest developers in 2021 before it defaulted
![sunac pic 06 October 2023](https://images.forexlive.com/images/sunac%20pic%2006%20October%202023_id_02d4deb0-4c36-4833-a508-36edbd84d5a4_original.jpg)