No Data
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.
Hong Kong stocks are moving | Mainland Real Estate stocks generally fell in early trading. RONSHINECHINA (03301) once dropped nearly 7%, while SUNAC (01918) fell more than 3% in early trading.
Mainland Real Estate stocks fell sharply in early trading. As of the time of writing, RONSHINECHINA (03301) dropped by 5.81% to 0.405 Hong Kong dollars; SUNAC (01918) decreased by 2.86% to 2.38 Hong Kong dollars; R&F PROPERTIES (02777) fell by 2.72% to 1.43 Hong Kong dollars; SEAZEN (01030) declined by 2.13% to 1.84 Hong Kong dollars.
According to the Central Finger Research Institute: In November, the average transaction price of second-hand Residences in 100 cities fell by 0.57% month-on-month, while the Volume in Shenzhen doubled year-on-year.
Data monitoring shows that in November 2024, the average price of second-hand Residences in 100 cities is 14,278 yuan per square meter, a month-on-month decrease of 0.57%, narrowing the decline by 0.03 percentage points compared to October; a year-on-year decrease of 7.29%.
Keari Real Estate Research: In November, the Residence market transactions maintained a high level for the year.
In November, the supply scale grew month-on-month and year-on-year, with the supply volume in 100 typical cities at 15.07 million square meters, a year-on-year decrease of 26.3%, but a month-on-month increase of 43.4%.
Statistics Bureau: From January to November, national Real Estate Development investment decreased by 10.4% year-on-year.
Today, the National Bureau of Statistics released data showing that from January to November, national Real Estate Development investment was 9363.4 billion yuan, a year-on-year decrease of 10.4%; among which, Residence investment was 7119 billion yuan, a decrease of 10.5%.
102433293 : win ??