Sunac China Proposes Strategic Debt Restructuring Plan

TipRanks05:11 ET

Northbound capital trend | Northbound capital recorded a net buy of 19.656 billion, with domestic investors aggressively purchasing Hong Kong stocks etf. Tencent (00700) saw an increase in holdings of over 1.6 billion Hong Kong dollars after earnings.

On November 14, in the Hong Kong stock market, the net buying by northbound funds reached 19.656 billion Hong Kong dollars, where Stock Connect (Shanghai) net buying was 10.052 billion Hong Kong dollars and Stock Connect (Shenzhen) net buying was 9.604 billion Hong Kong dollars.

Zhitong Finance04:55 ET

Express News | Sunac China - Maximum Principal Amount of Bonds to Be Accepted Under This Option Shall Be Approximately RMB4.4 Bln

Reuters04:50 ET

Express News | Sunac China - Sunac Real Estate Preliminarily Proposes a Holistic Debt Restructuring Plan for Bondholders

Reuters04:50 ET

Express News | Onshore Debt Restructuring

Reuters04:50 ET

Hong Kong stocks movements | Mainland real estate stocks generally opened higher with multiple tax incentives for housing trade released to help stabilize the real estate market.

Mainland real estate stocks generally opened higher, as of the time of publication, R&F Properties (02777) rose 10% to HK$1.98; Sunac (01918) rose 5.63% to HK$3; Shimao Group (00813) rose 5.38% to HK$1.37.

Zhitong Finance20:23 ET