Embattled mainland Chinese property developer Sunshine 100 is evaluating the impact of a winding-up order for its controlling shareholder, whose beneficiaries include its chairman and executive director, according to a filing with the Hong Kong exchange.
Sunshine 100 said it had recently been informed of the winding-up order, issued by a Hong Kong court dated January 17, against Joywise Holdings, which holds 64.77 per cent of the developers shares.
The Beijing-based developer said it is assessing the impact that the winding-up order against Joywise may have on the business operation and financial position of the company.
Shareholders of the company are reminded that the order is made against Joywise and not the company, Sunshine 100 s…
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