The family of a billionaire Chinese businessman is pushing for the developer behind the infamous Sirius building to be wound up, putting the company run by former Macquarie banker Jean-Dominique Huynh on the brink of collapse at the same time as its other big projects are seized by lenders.
Huynh’s JDH Capital is the developer behind the redevelopment of Sirius, built in 1980 beside the Sydney Harbour Bridge for public housing but sold off in 2018 for conversion into luxury apartments.
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clarification —
This story has been updated to better reflect the parties who have brought action against Huynh and JDH Capital.
Campbell Kwan covers retail and consumer goods for The Australian Financial Review, based in the Sydney newsroom. Email Campbell at campbell.kwan@afr.com
Primrose Riordan covers private companies and family offices from the AFR's Sydney newsroom. Primrose was previously a correspondent for the Financial Times and covered foreign affairs and politics in Canberra. Primrose has won multiple awards for her journalism including from The National Press Club, SABEW in the US and Press Gazette in the UK. Message Primrose on Signal: https://tinyurl.com/PrimroseSignal Connect with Primrose on Facebook and Twitter. Email Primrose at primrose.riordan@afr.com
