Oct 14 (Reuters) - Sunac China ( SNCHQ ) said on Tuesday

its offshore debt restructuring plan was approved by a majority

of creditors at a court-convened meeting in Hong Kong.

The property developer said 98.5% of voting creditors,

representing about 94.5% of the total voting claims, backed the

plan, which covers about $7.96 billion in offshore debt.

Sunac said it would now seek final approval from the Hong

Kong court at a sanction hearing scheduled on November 5.

The restructuring marks a key step in Sunac's efforts to

stabilise its finances after a prolonged property downturn in

China that has battered developers' liquidity.

For the first half of 2025, the company reported a narrower

loss of 12.81 billion yuan, compared with a loss of 14.96

billion yuan a year earlier.

($1 = 7.1398 Chinese yuan renminbi)