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Embattled mainland Chinese property developer Sunshine 100 is evaluating the impact of a winding-up order against its controlling shareholder, Joywise Holdings, according to a filing with the Hong Kong exchange.
Materials which could default and also hundreds could be tied to the property giant which could lead to a credit crunch. there are concerns about other property developers in the sector as well if the downturn continues because there has already been about 11 defaults this year. sunshine 100 for example is a real estate giant which defaulted on its debt this weekend. 50 which defaulted on its debt this weekend. so therefore it would be. — this weekend. so therefore it would be, many _ this weekend. so therefore it would be, many would - this weekend. so therefore it would be, many would argu...
Is no more. it's continuing to weaken, the winds are continuing to drop. this band of rain from the atlantic will arrive into northern ireland later in the day. but otherwise, it's a much quieter day on thursday. a fair bit of cloud around, many places are going to be dry, some sunshine at times but we're still in cold air, temperatures typically at sixes and sevens.
The firm has struggled to meet debt obligations this year as authorities cracked down on excessive leverage in the property industry.