Sunac China shares, bonds sink

Sunac China shares, bonds sink after liquidation petition filed against developer
By Clare Jim 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.
Sunac China Faces Winding-Up Petition Amid Financial Pressures
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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 its offshore debt for the second time, marking the latest drama for China’s cash-starved property sector.
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.
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.
China's Shimao Group Receives Liquidation Petition
(Reuters) - 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 Holdings Faces Winding-Up Petition
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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.
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 ...
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 ...
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SUNAC Reportedly Gains Further Support from Domestic Bondholder on Restructuring, But Shr Price Still Plummets 15%+
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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, ...
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 ...