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Sunac China brings in new investor to restructure Chongqing Bay project
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Sunac China brings in new investor to restructure Chongqing Bay project
Jan 23, 2025 6:37 AM

(Reuters) - Embattled property developer Sunac China ( SNCHQ ) on Thursday said a private credit firm will invest 2.48 billion Chinese yuan ($340.34 million) into restructuring debts for the Chongqing Project.

The project focuses on residential and commercial properties for sale, most of which have not yet been developed.

($1 = 7.2869 Chinese yuan renminbi)

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