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SUNAC SERVICES on China Cinda (HK)'s Winding-Up Petition Against SUNAC: No Significant Impact on Group's Finances/ Operations
SUNAC SERVICES (01516.HK) announced that its holding company, SUNAC (01918.HK), has received a winding-up petition filed by China Cinda (HK) Asset Management with the Hong Kong Hig...
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SUNAC SERVICES on China Cinda (HK)'s Winding-Up Petition Against SUNAC: No Significant Impact on Group's Finances/ Operations
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SUNAC SERVICES (01516.HK)  -0.020 (-1.093%)    Short selling $2.43M; Ratio 8.958%   announced that its holding company, SUNAC (01918.HK)  -0.110 (-6.627%)    Short selling $88.09M; Ratio 3.793%   , has received a winding-up petition filed by China Cinda (HK) Asset Management with the Hong Kong High Court in relation to the non-repayment of certain loan to the petitioner by Shining Delight Investment Limited (an indirect wholly-owned subsidiary of Sunac China) as borrower and Sunac China as guarantor, in aggregate principal amount of US$30 million and accrued interests.

As of last Friday (10th), no winding-up order has been granted by the High Court to wind up Sunac China. The filing of the winding-up petition does not imply that the petitioner will succeed in winding up Sunac China. The board of directors of SUNAC SERVICES was of the view that the winding-up petition will have no material impact on the financial performance and operations of the group.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-04-25 16:25.)

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