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

Reuters
24 Mar
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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