Jiayuan International Group, the developer of the Ocean Hill housing project near Dr. Avenida Sun Yat-Sen on Taipa Island, has received two liquidation petitions with a debt of HK $ 15 million (US $ 1.9 million) on the Hong Kong Stock Exchange. I made it clear. Dispatch notification.
After the suspension of stock trading that ended on June 2, Jiangsu-based real estate developers filed two liquidation petitions for the Group for HK $ 15 million, filed in the first instance court of the High Court of Hong Kong. I made it clear. In debt.
‘With respect to the limited information currently available, the Board does not believe that these claims will have a significant or significant impact on our business or its financial position. We intend to actively defend the liquidation petition, “said the dispatch signed by Jiayuan International Chairman Shum Tin Ching.
A liquidation petition is a statement of the creditor’s intention to close the company due to unpaid debt.
A developer operating in Macau through a wholly owned subsidiary, Xiangyuan Property Development Limited, purchased a lot of Taipa from local real estate developer William Kwan Wai Lam in 2017 for HK $ 3.5 billion (US $ 447.3 million). ..
Kuan has been detained before the trial since December 2021 on suspicion of corruption, money laundering and counterfeit crimes.
Construction of the Foundation, approved by the District Transport Bureau (DSSOPT), began in December last year and the project is expected to be completed by the fourth quarter of 2022, with one or two bedroom units of 627. There is a room.
The Jiangsu Conglomerate has previously stated that it has “leaded the entry into the Guangdong-Hong Kong-Macau Greater Bay Area” by continuously acquiring numerous projects in Shenzhen, Jiangmen and Macau since 2016.
As of 2021, the Group owns a land bank of approximately 17.43 million square meters and has a portfolio of 100 real estate projects in China.