Chinese Builder Sinic Gets Winding-Up Order From HK Court (1)

Chinese builder Sinic Holdings Group Co. has received a court order to be wound up after the firm was sued over a missed offshore bond payment.

The order was issued during a Hong Kong court hearing Wednesday morning. Bank of New York Mellon’s London branch filed the winding-up petition against Sinic, according to an August-dated court record. The case was linked to a private bond, the builder said in an exchange filing.

A lawyer for BNY Mellon told the case’s master during the hearing that Sinic no longer opposed the petition and that he demanded immediate winding-up of the ...