Sunac China shares plunge

Sunac China shares, bonds sink after liquidation petition filed against developer
Sunac China shares and bonds plunged on Friday (Jan 10) after a liquidation petition was filed against the property developer, adding to concerns over its business recovery and repayment ability despite an offshore debt restructuring in 2023.
Developer Sunac China Receives Liquidation Petition in Hong Kong
Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.
Sunac China Faces Winding-Up Petition Amid Financial Pressures
Discover outperforming stocks and invest smarter with Top Smart Score StocksFilter, analyze, and streamline your
Developer Sunac China gets liquidation petition, Hong Kong judiciary website shows
A liquidation petition has been filed against indebted property developer Sunac China, the Hong Kong judiciary's website showed late on Thursday. The petition has been filed by a unit of asset manager China Cinda Asset Management,
Sunac China Shares Fall Sharply After Receiving Winding-Up Petition
Shares of Chinese property developer Sunac China tumbled after the company received a winding up petition as the country continues to struggle with its property sector downturn. Shares fell 24% to 1.33 Hong Kong dollars,
Chinese developer Sunac’s shares tumble 26% after liquidation petition
Shares in Chinese developer Sunac plummeted on Friday after the company revealed it was the subject of a petition in Hong Kong seeking to wind it up, the latest in a series of legal moves against heavily indebted mainland property groups.
China's Shimao Group receives liquidation petition
China's Shimao Group said on Friday CPYM Link Investment Limited had filed a liquidation petition against the company in the Hong Kong high court regarding a 258 million yuan ($35.19 million) cross-border loan guarantee provided by the property developer.

Toymaker Bloks surges 82% in Hong Kong debut

China Market Update: Mainland Investors Buy $6 Billion In Hong Kong On Weakness, Week In Review
Asian equities were mixed but mostly lower overnight as Pakistan and Thailand outperformed and Mainland China and Singapore ...
China's Country Garden proposes deal to reduce offshore debt by $11.6 bln
Country Garden has proposed a deal to its offshore creditors that will cut its debt by $11.6 billion, paving the way for the ...
Christianity Today13h
In Hong Kong, One Pastor Ministers to a Gen Z Protester in Prison
Amid high rates of depression and anxiety among young people, Christian leaders boost efforts to address mental health ...
China to Issue Central Bank Bills in Hong Kong Amid Weakening Yuan
The People’s Bank of China will issue central bank bills in Hong Kong next week, a tool that is typically used to stabilize ...
UK must ‘engage confidently with China’ on trade, says Reeves
She went on: “Choosing not to engage with China is therefore no choice at all. The UK must engage confidently with China in ...
CES 2025: Hong Kong start-ups out in force as city strives to become Asian tech hub
Consumer Electronics Show (CES) has seen a record number of Hong Kong tech companies showcase their innovations in Las Vegas, ...
International Monetary Fund16h
People’s Republic of China—Hong Kong Special Administrative Region: Staff Concluding Statement of the 2024 Article IV Mission
Hong Kong SAR’s economy is on a path of gradual but uneven recovery after a protracted period of shocks. With continued economic slack and external and domestic headwinds, policies should be geared ...
BroadwayWorld1d
Hong Kong Philharmonic Reveals January 2025 Lineup
The Hong Kong Philharmonic Orchestra will perform a series of concerts in January 2025. Learn more about the full lineup of ...
IMF Turns Less Upbeat on Hong Kong Growth With 2025 Forecast Cut
The International Monetary Fund lowered its forecast for Hong Kong’s economic growth this year and warned of the risks Asia’s ...