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<CN Home>SUNAC's Winding-Up Petition Hearing Adjourned to Apr 28; 2nd Round of Offshore Debt Restructuring Becomes 1st Case in CN Property Sector
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SUNAC (01918.HK) has announced that at the hearing of the High Court yesterday (24th), the High Court ordered the hearing of the winding-up petition to be adjourned to April 28. The group also disclosed that it had commenced the offshore debt restructuring work, the first time the group has admitted that it will carry out a second round of offshore debt restructuring, making it the first case in the Chinese property sector. The group stated that it has appointed Houlihan Lokey (China) Limited and Sidley Austin as its financial and legal advisors, respectively, to assist it in formulating a comprehensive holistic offshore debt solution to address its current offshore debt risks. AAStocks Financial News |
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