Summary by Futu AI
On January 10, 2025, SUNAC received a winding-up petition filed by CHINA CINDA (Hong Kong) Asset Management Limited to the High Court of Hong Kong, concerning the unpaid principal and interest of a $30 million loan from its indirectly wholly-owned subsidiary. The High Court has scheduled the first hearing for March 19, 2025, at 9:30 AM. This petition may lead other creditors to request accelerated debt repayment, and the company expects to be unable to meet other overseas payment obligations on time.The company is actively communicating with the petitioner, seeking to reach a solution based on the principle of fair treatment for all creditors. The Board of Directors believes that the petition does not represent the interests of other stakeholders and will take...Show More
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