China property giant Sunac Group ($1.8 billion market value) creditors have agreed to the debt restructuring to reduce $2.1 billion of onshore debt by 5 0% for 10 bonds. In 2022, Sunac Group had defaulted on bonds. In 2024 December, Sunac Group sent a $1.3 billion demand to China property giant Wanda Group in investment buyback fees for breaching 2018 deal. In 2023 October, Sunac China Holdings (Market Value 6/10/23: $1.67 billion) received Hong Kong court approval for $9 billion of offshore debt restructuring (effective 5th October 2023), with creditors having approved in September 2023 $9 billion debt restructuring into convertible bonds secured by Sunac Hong Kong shares and with the bond maturities ranging from 2 years to 9 years.