Caixin
Sep 08, 2022 04:07 AM
BUSINESS

China Builder Sunac Gets Liquidation Petition as Pressure Mounts

Sunac, which was once the country’s fourth-largest builder by sales, has fallen to ninth, according to China Real Estate Information Corp.
Sunac, which was once the country’s fourth-largest builder by sales, has fallen to ninth, according to China Real Estate Information Corp.

(Bloomberg) — Sunac China Holdings Ltd. said it will take “every measure” to defend itself against a winding-up or liquidation petition filed by a creditor in Hong Kong as the property developer crafts a debt-resolution plan.

A court hearing is scheduled for Nov. 16, according to a filing, with parties involved including the company and individual creditor Chen Huaijun.

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