SHANGHAI -- Property developer Sunac China has unveiled plans to restructure more than $9 billion of its offshore debt as it tries to navigate out of the deep crisis engulfing the Chinese real estate sector.
China debt crunch
China property group Sunac unveils $9bn debt restructuring plan
Developer has negotiated with group of offshore bondholders
An advertisement for property developer Sunac China at a residential complex in Shanghai. China's top developers have been embroiled in a debt crisis. © Reuters
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