Sunac China shares plunge

Sunac liquidation suit hammers shares, renews property debt crisis concerns
Sunac China shares dropped as much as 30% on Friday after a liquidation petition was filed against the indebted developer, making it the latest company to face such a move amid an unprecedented debt crisis in China's property sector.
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.
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.
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.
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 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.
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.
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