Brief: Sunac China Updates on Winding-Up Petition

Sunac China Holdings

10/01/2025 13:31

Jan 10 (Reuters) - Sunac China Holdings Ltd  1918.HK :
    * WINDING-UP PETITION
    * HIGH COURT HAS SET FIRST HEARING DATE FOR PETITION AT 9:30
A.M.
ON 19 MARCH 2025.
    * PETITION MAY PROMPT OTHER CREDITORS OF GROUP TO DEMAND
ACCELERATION OF PAYMENT OF RELEVANT INDEBTEDNESS OWED TO THEM
    * EXPECTS IT WILL NOT BE ABLE TO MEET OTHER OFFSHORE PAYMENT
OBLIGATIONS WHEN DUE OR WITHIN RELEVANT GRACE PERIODS
    * NO WINDING-UP ORDER HAS BEEN GRANTED BY HIGH COURT TO WIND
UP CO
AS AT JAN 10
    * WILL OPPOSE PETITION VIGOROUSLY
    * IS ACTIVELY COMMUNICATING WITH PETITIONER ITO NEGOTIATE AN
EFFECTIVE SOLUTION WITH PETITIONER

Further company coverage:  1918.HK 

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