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Express News | Sunac China Bondholders Approve Four More Bonds as Part of $2.1 Bln Onshore Bonds Restructuring Plan, Source Says
Express News | Sunac China Further Delays Voting Deadline for Rest of the Bonds to Dec 27, Source Says
Why has the implementation of Real Estate 'acquisition' been slow?
① "Although some places have announced the situation of storage, overall, the acquisition of stock land and commercial housing in various regions faces multiple difficulties, making the related implementation work not easy." ② Whether it is repurchasing idle land or acquiring existing commercial housing, there is a certain time interval from raising funds to completing the storage; how to ensure that funds can be effectively circulated within a certain period and achieve expected returns is also a factor that various regions have to consider.
Some Mainland Real Estate stocks are weakening. RONSHINECHINA (03301) fell by 4.76%. Institutions indicate that the overall Real Estate market may still be in the bottoming phase in 2025.
Jinwu Financial News | Mainland Real Estate stocks have weakened; as of the time of writing, RONSHINECHINA (03301) is down 4.76%, R&F PROPERTIES (02777) is down 2.74%, SUNAC (01918) is down 1.23%, and CHINA VANKE (02202) is down 1.25%. In terms of news, a report released by the China Index Academy shows that in 2024, influenced by the large-scale entry of subsidized rental housing and weak expectations for household income, rents for residences in key cities are expected to decline. From January to November, the average rent for residences in 50 cities nationwide has decreased by 2.72%, with first-tier, second-tier, and third-fourth tier representative cities experiencing a decline of 2.2%.
Market Chatter: Sunac Seeks Compensation for Botched Dalian Wanda Deal
Wanda stated that Sunac has no reason to request the repurchase of the 9.5 billion investment shares.
On the afternoon of December 20, it was reported that SUNAC has filed an arbitration against Wanda Group with the China International Economic and Trade Arbitration Commission, demanding Wanda pay 9.5 billion yuan for share repurchase. In response, an internal source from Wanda stated that SUNAC has no contractual basis to request Wanda to repurchase shares, thus the reason for the repurchase is not valid. According to authoritative sources, SUNAC has been looking to exit its 9.5 billion yuan investment in Wanda to recover funds, having submitted the arbitration to the China International Economic and Trade Arbitration Commission in January 2024, and the arbitration process has started in March 2024, after nearly a year of deliberation.
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102433293 : win ??