Shares of Sunac China drops after company gets liquidation petition

China Cinda Asset Management

10/01/2025 01:20

HONG KONG, Jan 10 (Reuters) - Shares of Sunac China
 1918.HK  were set to open 14.9% lower on Friday after a
liquidation petition was filed against the indebted property
developer.
    The stock is set to open at HK$1.49 per share, lowest open
since Sept. 26.
    The petition has been filed by a unit of asset manager China
Cinda Asset Management  1359.HK , and a hearing is scheduled for
March 19, the Hong Kong judiciary's website showed late on
Thursday.

 (Reporting by Hong Kong newsroom; Editing by Himani Sarkar)
 ((donny.kwok@thomsonreuters.com; +852 3462 7745;))