Sunac China $2.3 billion onshore bond extension approved by investors - source

HONG KONG (Reuters) - Embattled Sunac China's proposal to extend its 16 billion yuan ($2.32 billion) onshore bond have been approved by investors, a source with direct knowledge said on Wednesday.

The bonds, including corporate bonds as well as asset-backed securities, will be extended for an average of 3.5 years.

Sunac declined to comment.

($1 = 6.8818 Chinese yuan renminbi)

(Reporting by Clare Jim; Editing by Andrew Heavens)