Sunac Real Estate and its subsidiaries defaulted on an additional 123 million yuan in debt and committed 20 acts of dishonesty.

Viewpoint Network News: On March 26, Sunac China Holdings Limited released a temporary trustee management report for its corporate bonds, disclosing major matters.

The announcement shows that its subsidiary, Ezhou Ronghui Zhiyuan Real Estate Co., Ltd., failed to repay a principal of 123 million yuan on time, resulting in a default amount of 123 million yuan. The default was known to have occurred on March 19, 2026.

The debt has a term of three years, and the reason for default is failure to repay the principal on time. Additionally, the company and its key subsidiaries have recently added 20 new acts of dishonesty. A typical case is that Sunac China Holdings was listed as a dishonest person subject to enforcement by the Baota District People’s Court in Yan’an City, for “having the ability to perform but refusing to fulfill obligations established by effective legal documents.”

According to the announcement, the company currently has multiple outstanding bonds, including H Sunac 05 (outstanding 215 million yuan), H Sunac 07 (outstanding 108 million yuan), as well as two debt restructuring exchange bonds, CZ Sunac 05 and CZ Sunac 07, with a total exchange scale of about 1.676 billion yuan. All bonds have a coupon rate of 1% and have waived interest payments.

Sunac stated that the above matters have a negative impact on the company’s production, operation, and debt repayment ability. The company is negotiating with relevant parties to develop solutions. The trustee, Guotai Haitong, will continue to supervise information disclosure and remind investors to pay attention to risks.

Disclaimer: The content and data of this article are compiled by Viewpoint based on public information and do not constitute investment advice. Please verify before use.

(Editors: Wang Zhiqiang HF013)

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