BRIEF-Sunac China Updates on Winding-Up Petition

Reuters

2025/01/10

Jan 10 (Reuters) - Sunac China Holdings Ltd :

* 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:

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

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ON 19 MARCH 2025.</p><p>   * PETITION MAY PROMPT OTHER CREDITORS OF GROUP TO DEMAND ACCELERATION OF PAYMENT OF RELEVANT INDEBTEDNESS OWED TO THEM</p><p>   * EXPECTS IT WILL NOT BE ABLE TO MEET OTHER OFFSHORE PAYMENT OBLIGATIONS WHEN DUE OR WITHIN RELEVANT GRACE PERIODS</p><p>   * NO WINDING-UP ORDER HAS BEEN GRANTED BY HIGH COURT TO WIND UP CO AS AT JAN 10</p><p>   * WILL OPPOSE PETITION VIGOROUSLY</p><p>   * IS ACTIVELY COMMUNICATING WITH PETITIONER ITO NEGOTIATE AN EFFECTIVE SOLUTION WITH PETITIONER</p><p>Further company coverage:   </p><p> ((Reuters.Briefs@thomsonreuters.com;))</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"01918","symbol_name":"融創中國","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2502432865","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2502432865","pubTimestamp":1736515860,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"Jan 10  - Sunac China Holdings Ltd   :   * WINDING-UP PETITION   * HIGH COURT HAS SET FIRST HEARING DATE FOR PETITION AT 9:30 A.M. 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