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Sunac China Holdings has received a winding-up petition in Hong Kong’s High Court filed by state-owned “bad bank” China Cinda Asset Management, a potential stumbling block as the defaulted developer works to restore confidence with its offshore and onshore creditors.
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Sunac Hit With Fresh Wind-Up Petition by Bad-Asset Bank China Cinda
Sunac China Holdings has received a winding-up petition in Hong Kong’s High Court filed by state-owned “bad bank” China Cinda Asset Management, a potential stumbling block as the defaulted developer works to restore confidence with its offshore and onshore creditors. … Read More>> The post Sunac Hit With Fresh Wind-Up Petition by Bad-Asset Bank China Cinda appeared