HONG KONG, Dec 24 (Reuters) - Holders of six of the ten bonds issued by Sunac China have approved a restructuring plan to cut its onshore bond debt by more than half, a source with direct knowledge of the matter said on Tuesday.
Sufficient holders of four more bonds backed the plan by Monday's extended voting deadline, the person said, in addition to the holders of two other bonds earlier this month.
The property developer is restructuring a total of ten onshore bonds worth 15.4 billion yuan ($2.11 billion). It will delay the voting deadline for the remaining four bonds until Dec. 27, the person said.
Sunac declined to comment.
(Reporting by Clare Jim; Editing by Kirsten Donovan)
((Ethan.Wang@thomsonreuters.com;))
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