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China Cinda (HK) Asset Mgmt Files Winding-up Petition against SUNAC Reportedly
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China Cinda (HK) Asset Management filed a winding-up petition against SUNAC (01918.HK), and a hearing is slated for March 19, 2025, sources divulged. Sunac Real Estate Group had a new outstanding loan principal amount of RMB3.236 billion due in November 2024, according to an earlier report by a Chinese media. As at November 30, 2024, the outstanding principal amount of borrowings due was RMB115.5 billion. Among which, bank loans were overdue by RMB23.415 billion; loans from non-bank financial institutions were overdue by RMB74.109 billion; and other interest-bearing debts were overdue by RMB17.86 billion. AAStocks Financial News |
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