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Sunac China Shares Fall Sharply
China's Shimao Group receives liquidation petition
China's Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer.
Sunac China Shares Fall Sharply After Receiving Winding-Up Petition
Shares of Chinese property developer Sunac China tumbled after the company received a winding up petition as the country continues to struggle with its property sector downturn. Shares fell 24% to 1.33 Hong Kong dollars, or equivalent of 17 U.S. cents, on Friday's afternoon trading.
Sunac China Holdings Faces Winding-Up Petition
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Developer Sunac China gets liquidation petition, Hong Kong judiciary website shows
A liquidation petition has been filed against indebted property developer Sunac China , the Hong Kong judiciary's website showed late on Thursday.
Liquidation petition filed against Sunac China
The petition has been filed by a unit of asset manager China Cinda Asset Management, and a hearing is scheduled for March 19, the website shows.
China Cinda (HK) Asset Mgmt Files Winding-up Petition against SUNAC Reportedly
Asset Management filed a winding-up petition against SUNAC (01918.HK), and a hearing is slated for March 19, 2025, sources divulged. Sunac Real Estate Group had a new outstanding loan principal amount of RMB3.
Sunac China shares, bonds hit by liquidation petition against developer
HONG KONG (Reuters) -- Sunac China shares and bonds plunged on Friday after a liquidation petition was filed against the property developer, adding to concerns over its business recovery and repayment ability despite an offshore debt restructuring in 2023.
Chinese developer Sunac’s shares tumble 26% after liquidation petition
Shares in Chinese developer Sunac plummeted on Friday after the company revealed it was the subject of a petition in Hong Kong seeking to wind it up, the latest in a series of legal moves against heavily indebted mainland property groups.
3h
on MSN
Sunac liquidation suit hammers shares, renews property debt crisis concerns
By Clare Jim HONG KONG (Reuters) -Sunac China shares and bonds plunged on Friday after a liquidation petition was filed ...
2h
Sunac Says It Can’t Rule Out Second Offshore Debt Overhaul
Defaulted property developer Sunac China Holdings Ltd. said it can’t rule out a second offshore debt restructuring as a ...
3h
on MSN
Indebted developer Sunac China faces liquidation threat in Hong Kong
A liquidation petition was filed against indebted developer Sunac China Holdings in Hong Kong amid its efforts to restructure ...
16h
China's SAIC to deepen cooperation with CATL on battery, overseas expansion
Chinese automaker SAIC said on Friday that it will deepen cooperation with electric vehicle battery giant CATL in areas ...
16h
Chinese Developers Begin New Year With Deepening Debt Woes
Chinese property developers are starting 2025 facing liquidation petitions and mountains of debt as the nation’s real estate ...
阿思達克財經網
4d
SUNAC Reportedly Gains Further Support from Domestic Bondholder on Restructuring, But Shr Price Still Plummets 15%+
SUNAC Reportedly Gains Further Support from Domestic Bondholder on Restructuring, But Shr Price Still Plummets 15%+ ...
3d
Exclusive: Sunac China flags difficulty making Sept dollar bond payments, sources say
Developer Sunac China has informed some of its dollar creditors it is unlikely to meet a September bond maturity deadline, ...
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