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received a winding-up petition issued by China Cinda Asset Management in a Hong Kong court. The hearing is scheduled for March 19, the statement added.Beijing-based Sunac's shares have lost 43% this year and 2.2% over the past 12 months amid ongoing concerns about its heavy debt and a slowdown in the sector.China is in the midst of a protracted slump in the property sector, historically a major driver of the country's economic growth. The sector has recovered a little after supportive efforts by Beijing in late September last year, but some property developers still hold massive amounts of debt.Property giant China Evergrande was o","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1598","03333","01918","BK1240","EGRNF","BK1521","BK1555","BK4024","BK1507"],"gpt_icon":1},{"id":"2502007498","title":"BRIEF-Sunac China Says It Received Winding Up Petition Issued By China Cinda (Hk) Asset Management 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10:44","pubTimestamp":1736477040,"startTime":"0","endTime":"0","summary":"** Sunac China    slides as much as 29.7% to HK$1.23, set for biggest one-day pct decline since Oct. 8, 2024   ** Stock hits lowest since Sept. 26, 2024; top pct loser on index tracking properties and construction stocks   , which slips 0.8%   ** Liquidation petition was filed against indebted property developer by a unit of asset manager China Cinda Asset Management      ** Hearing scheduled for March 19   ** Earlier this week, sources close to co said property developer unlikely to meet September bond maturity deadline, which is part of its restructuring process   ** Stock set to for fifth straight week of losses ","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1521","01918","BK1240","BK1555"],"gpt_icon":1},{"id":"2502006978","title":"Sunac China shares plunge after liquidation petition filed against developer","url":"https://stock-news.laohu8.com/highlight/detail?id=2502006978","media":"Reuters","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502006978?lang=en_us&edition=fundamental","pubTime":"2025-01-10 10:34","pubTimestamp":1736476485,"startTime":"0","endTime":"0","summary":"UPDATE 1-Sunac China shares plunge after liquidation petition filed against developer  Recasts and writes through","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250110:nL1N3O6037:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["02007","BK1156","BK1610","03377","01359","BK1507","BK1521","BK1555","BK1589","BK1240","01918"],"gpt_icon":1},{"id":"2502727070","title":"Shares of Sunac China  Extend Losses, Down 20%","url":"https://stock-news.laohu8.com/highlight/detail?id=2502727070","media":"THOMSON REUTERS","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502727070?lang=en_us&edition=fundamental","pubTime":"2025-01-10 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This development raises significant concerns about Sunac's financial situation and abi","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":"","theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":"Stock Track | Sunac Shares Plummet 14.86% on Liquidation Petition Filing","news_tag":"movement","news_rank":0,"length":0,"strategy_id":0,"source":"ai_movement_en","symbols":["01918"],"gpt_icon":1},{"id":"2502070567","title":"Shares of Sunac China  Set to Open Down 14.9% After the Developer Gets Liquidation Petition in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=2502070567","media":"THOMSON REUTERS","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502070567?lang=en_us&edition=fundamental","pubTime":"2025-01-10 09:20","pubTimestamp":1736472058,"startTime":"0","endTime":"0","summary":null,"market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250110:nL4N3O6038:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"event","news_rank":0,"length":0,"strategy_id":0,"source":"reuters_en_live","symbols":["01918","BK1521","BK1555","BK1240"],"gpt_icon":0},{"id":"2502007046","title":"Shares of Sunac China drops after company gets liquidation petition","url":"https://stock-news.laohu8.com/highlight/detail?id=2502007046","media":"Reuters","labels":["event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502007046?lang=en_us&edition=fundamental","pubTime":"2025-01-10 09:20","pubTimestamp":1736472058,"startTime":"0","endTime":"0","summary":"HONG KONG, Jan 10  - Shares of Sunac China 1918.HK were set to open 14.9% lower on Friday after a liquidation petition was filed against the indebted property developer.The stock is set to open at HK$1.49 per share, lowest open since Sept. 26.The petition has been filed by a unit of asset manager China Cinda Asset Management 1359.HK, and a hearing is scheduled for March 19, the Hong Kong judiciary's website showed late on Thursday.  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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.","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["01918","BK1555","BK1240","BK1521"],"gpt_icon":1},{"id":"2502043936","title":"Developer Sunac China Receives Liquidation Petition in Hong Kong","url":"https://stock-news.laohu8.com/highlight/detail?id=2502043936","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502043936?lang=en_us&edition=fundamental","pubTime":"2025-01-09 21:34","pubTimestamp":1736429642,"startTime":"0","endTime":"0","summary":"Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.","market":"sg","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/6N4AYHIXOK3APOMYMSSODEWQM4.jpg?smart=true&auth=8f5213465c1484473d0a4366e3e9531eb81b8e3249d90ce4dbcc7316ee599b78&width=500&height=333","type":0,"news_type":0,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/6N4AYHIXOK3APOMYMSSODEWQM4.jpg?smart=true&auth=8f5213465c1484473d0a4366e3e9531eb81b8e3249d90ce4dbcc7316ee599b78&width=500&height=333"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.bnnbloomberg.ca/business/international/2025/01/09/developer-sunac-china-receives-liquidation-petition-in-hong-kong/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-2","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"bnn_bloomberg_highlight","symbols":["BK1521","BK1240","01918","BK1555"],"gpt_icon":1},{"id":"2502018036","title":"China's Country Garden proposes deal to restructure $10.3 bln offshore debt","url":"https://stock-news.laohu8.com/highlight/detail?id=2502018036","media":"Reuters","labels":["shareholding","event"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2502018036?lang=en_us&edition=fundamental","pubTime":"2025-01-09 19:41","pubTimestamp":1736422898,"startTime":"0","endTime":"0","summary":"UPDATE 1-China's Country Garden proposes deal to restructure $10.3 bln offshore debtUpdates with more detail on restructuring proposal in paragraphs 3 and 4, and background paragraph 5 onwards","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250109:nL4N3O50RC:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"shareholding,event","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK1598","BK1555","BK1589","02007","BK1240","03333","BK1507","01918","BK1610","BK1521"],"gpt_icon":1},{"id":"2501717496","title":"Sunac’s Shares, Bonds Slide as Cash Interest Payment Looms","url":"https://stock-news.laohu8.com/highlight/detail?id=2501717496","media":"Bloomberg","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2501717496?lang=en_us&edition=fundamental","pubTime":"2025-01-08 15:47","pubTimestamp":1736322463,"startTime":"0","endTime":"0","summary":"Chinese property developer Sunac China Holdings Ltd.’s shares and dollar notes fell to their lowest levels in months, as investors grow anxious about upcoming interest payments amid sluggish sales.","market":"us","thumbnail":"https://www.bnnbloomberg.ca/resizer/v2/DK6G7VHHFCFD5JJUJW3PQLWK5U.jpg?smart=true&auth=26c4f113847ac7b1acae97fd9d20939471cc3f5a92eca662bf1820d7881acc1b&width=500&height=333","type":0,"news_type":0,"thumbnails":["https://www.bnnbloomberg.ca/resizer/v2/DK6G7VHHFCFD5JJUJW3PQLWK5U.jpg?smart=true&auth=26c4f113847ac7b1acae97fd9d20939471cc3f5a92eca662bf1820d7881acc1b&width=500&height=333"],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.bnnbloomberg.ca/business/international/2025/01/08/sunacs-shares-bonds-slide-as-cash-interest-payment-looms/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"bnn_bloomberg_highlight","symbols":["01918","BK1521","BK1240","BK1555"],"gpt_icon":0}],"pageSize":16,"totalPage":11,"pageCount":4,"totalSize":165}]}}