Hong Kong Stock Announcement for Investment | Aluminum Corporation Of China expects an annual net income of 12 billion yuan to 13 billion yuan, an increase of 79% to 94% year-on-year.

Tianqi Lithium Corporation (09696) issues a profit warning, expecting an annual net loss attributable to shareholders of between 7.1 billion yuan and 8.2 billion yuan; SUNAC (01918): The Great Wall Risk Assets Activation Investment Center plans to invest no more than 2.476 billion yuan to restructure the existing debt of the Chongqing Bay project and provide additional financing to revitalize the project.

Zhitong FinanceJan 23 10:01 ET

Sunac China Revitalizes Chongqing Bay Project With New Financing

TipRanksJan 23 09:15 ET

SUNAC (01918.HK) is restructuring existing debts and securing new financing for the Chongqing Bay project to revitalize it.

On January 23, Gelonghui reported that SUNAC (01918.HK) announced the Chongqing Bay project is a collaborative development between the group and its partners. Before the completion of the Trade, the group, Sunshine One Hundred, and Nanning Guoyi Hold 70%, 20%, and 10% of the project company's shares respectively. CITIC Trust and CITIC Financial Assets are the main creditors of the project company's existing debts. To resolve the related repayment issues of the existing debts of the Chongqing Bay project and to meet the funding needs for subsequent development and construction, the group has newly introduced the Great Wall Risk Asset Vitalization Investment Center as an investor, which plans to invest no more than RMB 2.476 billion.

Gelonghui FinanceJan 23 08:44 ET

Express News | Sunac China - Great Wall Risky Assets Revitalization Investment Center Proposed to Make Capital Contribution of Not Exceeding RMB2.476 Bln

ReutersJan 23 08:40 ET

Express News | Sunac China - Debt Restructuring and New Financing Revitalization Project in Relation to Chongqing Bay Project

ReutersJan 23 08:40 ET

Mainland Real Estate stocks stop falling and stabilize, CHINA VANKE (02202) rises by 5.51%. Institutions state that in the fourth quarter of 2024, second-hand housing prices in first-tier cities nationwide show noticeable stability, while the decline in s

Jinwu Finance News | Mainland Real Estate stocks have stopped falling and stabilized. As of the time of publication, CHINA VANKE (02202) rose by 5.51%, AGILE GROUP (03383) rose by 4.92%, R&F PROPERTIES (02777) rose by 4.17%, SUNAC (01918) rose by 3.14%, and LONGFOR GROUP (00960) rose by 2.27%. According to data monitoring from the China Index Academy, in the fourth quarter of 2024, the cumulative decline in second-hand housing prices across all tiers of cities has narrowed, with significant stabilization in first-tier city prices. In 2024, the cumulative decline in second-hand Residence prices in first-tier cities is expected to be 6.09%. After the new policy on September 26,

Jingu Financial NewsJan 22 20:44 ET