Liquidation petition

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Sunac China warns of US$3.6 billion loss as housing slump hurts sales, assets

Property developer Sunac China warned investors that losses in 2024 could triple, a year after reorganising its defaulted debt with…

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New Business

Hong Kong court adjourns Country Garden liquidation-petition case until May 26

Justice Linda Chan adjourned the case until May 26 after hearing a petition from Ever Credit, a unit of Hong…

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New Business

Creditors pursue court action against developers Evergrande, Shimao amid housing slump

Creditors are tightening the screws on two of China’s largest property developers, pursuing court action to retrieve money owed as…

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New Business

Bondholders ‘strongly oppose’ Chinese developer Sino-Ocean’s debt-revamp plan

Embattled Chinese developer Sino-Ocean Group faces the risk of liquidation amid challenges to secure enough consent votes on a restructuring…

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