Sunac China brings in new investor to restructure Chongqing Bay project

Reuters

2025/01/23

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;))

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