Sunac China to Get 2.48 Billion Yuan Investment for Debt Refinancing

MT NewswiresJan 24 00:35 ET

Zhongzhong Research Institute: It is expected that the demand for shop leasing may be released in 2025, but short-term rents may continue to be under pressure.

Looking ahead to 2025, the office market may continue the weak state of 2024, remaining in a bottom consolidation period, with demand moderately recovering to some extent, but short-term rents may continue to face pressure.

Zhitong FinanceJan 23 19:06 ET

Hong Kong Stock News on January 24: The Hong Kong Securities and Futures Commission expands the scope of listed structured Funds, SUNAC receives additional project financing from AMC Institutions.

① SUNAC has secured new financing from Institutions. ② Trump stated he will ask the Federal Reserve to lower interest rates. ③ The Stock Connect Fund significantly increased its holdings in Tencent and Alibaba. ④ The Hong Kong Securities and Futures Commission has expanded the scope of structured Fund issuance in Hong Kong.

cls.cnJan 23 18:54 ET

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