Developer Sunac China Receives Liquidation Petition in Hong Kong

Concerns have renewed of late about debt-payment capabilities
A similar petition against Sunac was withdrawn in 2023

Residential buildings under construction at a  Sunac China residential project in Shanghai, China in November 2022. — Residential buildings under construction at a Sunac China residential project in Shanghai, China in November 2022.
Photographer: Qilai Shen/Bloomberg

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By Jackie Cai

January 9, 2025 at 1:34 PM UTC

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Defaulted builder Sunac China Holdings Ltd. has received a liquidation petition in Hong Kong, according to the city’s judiciary website.

The so-called winding-up petition was filed by China Cinda HK Asset Management Co., and a hearing is scheduled to take place on March 19, the website shows.