Sunac China brings in new investor to restructure Chongqing Bay project

Sunac China Holdings

23/01/2025 13:56

Jan 23 (Reuters) - Embattled property developer Sunac
China  1918.1HK  on Thursday said a private credit firm will
invest 2.48 billion Chinese yuan ($340.34 million) into
restructuring debts for the Chongqing Project. 
    The project focuses on residential and commercial properties
for sale, most of which have not yet been developed. 

($1 = 7.2869 Chinese yuan renminbi)

 (Reporting by Rishav Chatterjee in Bengaluru; Editing by Vijay
Kishore)
 ((Rishav.Chatterjee@thomsonreuters.com;))