SUNAC News

Chinese Developer Sunac's Shares Tumble 26% After Liquidation Petition

Yahoo Finance03:47 ET

SUNAC received a winding-up petition submitted to the company by CHINA CINDA (Hong Kong) Asset Management.

SUNAC (01918) announced that the company has received a winding-up petition filed by CHINA CINDA (Hong Kong) Asset Management Limited in Hong Kong, with the hearing scheduled for March 19, 2025. The company is considering its impact and will issue further announcements in accordance with listing rules in a timely manner.

Sina Hong Kong Stocks23:30 ET

Sunac China Shares Are Down 21% at Mid-Day in Hong Kong

Dow Jones23:21 ET

Express News | Sunac China - Considering Its Implications and Will Make a Further Announcement in Due Course

Reuters23:12 ET

Express News | Sunac China - Hearing Is Scheduled to Be Held on 19 March 2025

Reuters23:12 ET

Express News | Sunac China - Received a Winding up Petition Issued by China Cinda (HK) Asset Management Co

Reuters23:12 ET

Hong Kong stocks are moving differently | Mainland Real Estate stocks plunged across the board in the morning session due to bearish concerns brought by the real estate companies. SUNAC (01918) once fell nearly 29%.

Mainland Real Estate stocks fell across the board. As of the time of writing, SUNAC (01918) is down 26.86%, trading at HKD 1.28; RONSHINECHINA (03301) is down 11.07%, trading at HKD 0.249; SHIMAO GROUP (00813) is down 8.42%, trading at HKD 0.87.

Zhitong Finance20:58 ET

The three major A-share Indices fell collectively, Hong Kong stocks rose, SUNAC dropped over 25%, national bond yields rose rapidly, and the offshore yuan jumped by a hundred points.

Today, the People's Bank of China announced the decision to temporarily suspend the purchase of government bonds in the open market, resulting in a sharp decline in government bond Futures, while the offshore RMB surged by a hundred points. SUNAC fell over 25%, following reports that Cinda Hong Kong had filed for its liquidation.

wallstreetcn20:50 ET

Express News | Shares of Sunac China Set to Open Down 14.9% After the Developer Gets Liquidation Petition in Hong Kong

Reuters20:20 ET

Zhitong Hong Kong stocks early knowledge | Local government bonds are about to be issued in 2025, Goldman Sachs has upgraded the ratings of multiple Bank Of China stocks.

In 2025, local government Bonds are about to be issued, and the issuance pace this year is expected to be faster than last year, in order to stabilize investment and growth.

Zhitong Finance18:24 ET

Zhongzhi Research Institute: In 2024, the Real Estate Industry will achieve a total of 565.31 billion yuan in Bonds financing, a year-on-year decrease of 18.4%.

According to the research, looking ahead to 2025, policy support is expected to drive expectations for recovery, but the Real Estate market still faces many challenges. Financing policies are expected to remain loose, but the scale of financing will still be influenced by the market recovery.

Zhitong FinanceJan 9 01:09 ET

Hong Kong stocks movement | Mainland Real Estate stocks collectively fell, with the 2024 real estate market continuing to adjust in volume and price. Institutions expect a month-on-month decline in property sales in January.

Mainland Real Estate stocks collectively fell. As of the time of writing, SUNAC (01918) is down 8.15%, valued at HKD 1.69; RONSHINECHINA (03301) is down 7.94%, valued at HKD 0.29; SHIMAO GROUP (00813) is down 6.25%, valued at HKD 0.9.

Zhitong FinanceJan 7 21:32 ET

Market Chatter: Sunac Faces Difficulty in Paying September 2025 Debt; Garners Support From Eight Bondholders for 15.4 Billion Yuan Restructuring

MT NewswiresJan 7 03:11 ET

Hong Kong stock movement | SUNAC (01918) fell over 3% due to reports indicating it may be unable to timely repay dollar bonds, with last year's sales dropping by 40%.

SUNAC (01918) plummeted over 14% yesterday and fell another over 3% this morning, with the stock price reaching HKD 1.85, a new low since the end of September last year. As of the time of writing, it has dropped 3.14%, trading at HKD 1.85, with a transaction amount of 0.231 billion HKD.

Zhitong FinanceJan 6 22:53 ET

Selected announcement | POLY PROPERTY's contract sales for 2024 reached 54.2 billion yuan; WUXI BIO plans to sell its Ireland vaccine factory for 0.5 billion USD.

In 2024, Poly Real Estate's contracted sales exceeded 54 billion yuan; TRULY INT'L's annual operating net profit increased by over 10% year-on-year.

cls.cnJan 6 19:16 ET

Correction: Hong Kong Stocks Start Week in Red as Manufacturing Growth Lost Momentum; Sunac China Plummets 14%

MT NewswiresJan 6 07:58 ET

Sunac China Reports December and Annual 2024 Sales Data

TipRanksJan 6 05:09 ET

SUNAC (01918.HK) has achieved a cumulative contract sales amount of approximately 47.14 billion yuan in 2024.

On January 6, Gelonghui reported that SUNAC (01918.HK) announced that in December 2024, the group achieved a contract sales amount of approximately 1.75 billion yuan, with a contracted sales area of about 0.138 million square meters and an average contracted sales price of approximately 12,680 yuan per square meter. In 2024, the group accumulated a contract sales amount of approximately 47.14 billion yuan, with a cumulative contracted sales area of about 2.261 million square meters and an average contracted sales price of about 20,850 yuan per square meter.

Gelonghui FinanceJan 6 04:36 ET

Express News | Sunac China - Dec Contracted Sales Value RMB1.75 Bln

ReutersJan 6 04:35 ET

Express News | Exclusive-Sunac China Tells Some Restructured Dollar Bondholders Sept Payment Unlikely, It Is Exploring Plans, Sources Say

ReutersJan 6 04:20 ET