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Hong Kong stocks fluctuate | Mainland real estate stocks collectively rise, top 100 real estate companies in October see year-on-year sales turning positive, market awaits continued efforts of new policies in November.
Mainland real estate stocks collectively rose. As of press time, Sunac (01918) rose by 8.04% to HKD 3.09; Zhongliang Hldg (02772) rose by 6.76% to HKD 0.158; R&F Properties (02777) rose by 6.54% to HKD 1.63.
【Hong Kong stock connect】Sunac (01918) rises by more than 8%, it is reported that the final plan for the second restructuring of the company's domestic debt is expected to be announced by the end of this month.
Kinwu Finance News | Sunac (01918) fluctuated upward, as of the time of publication, rose by 8.04%, trading at 3.09 Hong Kong dollars, with a turnover of 1.112 billion Hong Kong dollars. According to media reports, the company is currently holding meetings with some domestic bonds investors to have in-depth discussions on the secondary restructuring plan and explore possible solutions. Based on the current communication plan, Sunac will provide creditors with four flexible options for about 15.5 billion yuan of domestic bonds, namely discounted repurchase, debt-for-equity swaps, debt-for-equity swaps, debt-to-equity swaps, and debt extension. If this plan is successfully implemented, it is expected that Sunac can reduce over 50% of its domestic debt. Informed sources.
Mainland real estate stocks are all up. Sunac (01918) rose by 8.04%. The sales of the top 100 real estate companies in October increased by more than 70% month-on-month.
Golden Horse Financial News | Mainland real estate stocks all rose, Sunac (01918) rose by 8.04%, R&F Properties (02777) rose by 5.88%, China Jinmao (00817), Zhongliang Holdings (02772) rose by over 4%, China Overseas Development (00688) rose by 3.55%. Ping An Securities research reports show that in October, the top 100 real estate companies achieved sales of 465.4 billion yuan for the month, a month-on-month increase of 70.1% and a year-on-year increase of 4.9%; achieved sales area of 23.22 million square meters, a month-on-month increase of 52.1% and a year-on-year increase of 6.2%. China Real Estate Index Research Institute stated in a document, according to the China Real Estate Index.
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Hong Kong Stock Connect: sunac (01918) is considering adding convertible bond options to the restructuring plan.
Jingu Wealth News | According to informed sources, Sunac, a domestic real estate company caught in a liquidity crisis, recently met with some domestic bond holders to communicate about the domestic debt restructuring plan. Sunac is considering adding the option of convertible bonds to the restructuring plan, with the conversion target being Sunac's Hong Kong stock. The news indicated that several senior executives of Sunac visited many investors who hold a large number of domestic bonds of Sunac last week, including some private equity funds. Sunac has no comment on the reported content.
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