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

MT Newswires03:11 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 Finance22:53 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.cn19:16 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