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.

(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.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS

Share this article

Open WeChat and scan the QR code

GALLERY

: Gallery: Innovation Takes Off at Flying Vehicle Expo

PODCAST

Caixin Deep Dive: How China’s Crypto Ban Makes Disposing of Seized Assets a Lot Harder

00:00

00:00/00:00

MOST POPULAR

1: Cover Story: China’s Factory Exodus Is Turning Vietnam Into the World’s Assembler

2: Meituan Enters Open-Source AI Race With LongCat Model

3: Ex-UBS Banker in Hong Kong Jailed 10 Years for Laundering $17.2 Million

4: Saudi Power Giant ACWA Bets Big on China’s Renewable Energy Market

5: End of U.S. Tax Exemption Hits Chinese Air Cargo Carriers Differently