Sunac China Holdings on Thursday received a winding-up petition in Hong Kong’s High Court filed by state-owned “bad bank” China Cinda Asset Management, with the HKEX-listed developer indicating in a statement to the stock exchange late Friday that it will… Read More>>
Guangzhou R&F Hit With Wind-Up Petition by Temasek-Linked Fund
Guangzhou R&F Properties on Monday was served with a winding-up petition in Hong Kong’s High Court by a creditor linked to Singapore’s Temasek Holdings, with the legal motion coming despite a recent series of restructuring deals agreed with the Chinese… Read More>>
Sunac China Vows to Fight Winding-up Petition, Promises Debt Restructuring Plan
Sunac China Holdings said it will take all measures to defend itself against a winding-up petition filed in Hong Kong as the debt-wracked property developer works to restructure its offshore liabilities after missing bond payments earlier this year.
A winding-up… Read More>>