Sunac China secures validation order amid winding-up petition

Sunac China Holdings Limited (HKEX:1918) announced that it has been granted a validation order by the High Court on February 28, 2025, in relation to its ongoing winding-up petition. The petition was initiated by China Cinda (HK) Asset Management Co., Limited. The validation order ensures that all transfers of the company's issued and fully paid shares from the date of the petition's presentation will not be voided under section 182 of the Companies Ordinance. The company advises its securities holders and potential investors to exercise caution when dealing in the company's securities and to seek professional advice if in doubt.