BRIEF-Sunac China Says High Court Ordered Hearing Of Petition To Be Adjourned To 28 April

Reuters

03-24

BRIEF-Sunac China Says High Court Ordered Hearing Of Petition To Be Adjourned To 28 April

March 24 (Reuters) - Sunac China Holdings Ltd 1918.HK:

ADJOURNMENT OF WINDING-UP PETITION HEARING
HIGH COURT ORDERED HEARING OF PETITION TO BE ADJOURNED TO 28 APRIL 2025
WILL SEEK A MORE COMPREHENSIVE HOLISTIC OFFSHORE DEBT SOLUTION BASED ON ACTUAL SITUATION
APPOINTED HOULIHAN LOKEY (CHINA) LIMITED AND SIDLEY AUSTIN AS ITS FINANCIAL AND LEGAL ADVISORS,
EXPECTS THAT IT WILL NOT BE ABLE TO MEET OTHER OFFSHORE PAYMENT OBLIGATIONS WHEN DUE OR WITHIN RELEVANT GRACE PERIODS

Further company coverage: 1918.HK

((Reuters.Briefs@thomsonreuters.com;))

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