Sunac China shares plunge

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 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.
Developer Sunac China Receives Liquidation Petition in Hong Kong
Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.
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.
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 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.
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.
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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