Sunac Services (HKG:1516) unit Sunac Real Estate Group is preliminarily proposing a holistic debt restructuring plan for bondholders, according to a Thursday bourse filing.

The plan comprises a cash tender offer, payment via equity and/or equity economic income right, debt settlement with assets, and full-amount long-term debt extension.

The property manager will make further announcements as and when needed.

Shares of the firm closed nearly 2% lower on Friday.