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
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