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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) 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 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. AAStocks Financial News |
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