Sunac shares surge 21% as Chinese property developer says it's met restructuring conditions
cnbc.com/2023/11/21/chinese-property-developer-sunac-says-its-met-restructuring-conditions.html
A booth of Sunac China is seen at a housing fair in China, May 16, 2014. Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and said on Thursday it doesn't expect to make payments coming due on other bonds, adding to a wave of defaults in China's debt-laden property sector.
Shares of Sunac surged on Tuesday after the beleaguered…
This story appeared on cnbc.com, .