Hong Kong Stock Market Abnormality | Mainland real estate stocks rebounded in early trading, and the year-on-year decline in commodity housing sales decreased significantly. The effect of policy in core cities is relatively positive and significant.

Mainland real estate stocks rebounded in early trading. As of press time, China Vanke (02202) rose 4.74% to HKD 4.86; China Jinmao (00817) rose 4.48% to HKD 0.7; Logan Group (03380) rose 4% to HKD 0.78; Shimao Group (00813) rose 4.55% to HKD 0.92.

Zhitong FinanceJul 16 21:48 ET

The real estate tycoon has made a name for themselves in the Chaoshan area.

As the most mysterious Chaozhou real estate entrepreneur, Ji Haipeng, the chairman of Logan Group, has always been low-key. During the two years of risk, he has hardly ever appeared in public. However, he has been pushing for debt restructuring in secret, and now he can finally breathe a sigh of relief. On July 11, Logan announced that it had reached an agreement with overseas debt creditors holding more than 92% of the outstanding principal. Currently, the company is actively negotiating with overseas debt creditors to achieve a comprehensive restructuring of foreign debts. At the same time, Logan's domestic debt management has also made significant progress. As of July 10th, Logan

wallstreetcnJul 16 05:17 ET

Some mainland real estate stocks rose against the market, with Sunac (01918) up 2.68%. Institutions indicated that under the continuous policy efforts in recent period, the housing prices in core cities are expected to become stable.

Some mainland real estate stocks rose against the market, with Shimao Group (00813) up 4.94%, Sino-Ocean Group (03377) up 4.17%, Sunac (01918) up 2.68%, Logan Group (03380) up 2.67%, and Radiance Hldgs (09993) up 1.91%. Inflation data for June in the USA was lower than expected, increasing expectations for a rate cut by the Federal Reserve. Some analysts pointed out that a rate cut by the Federal Reserve would lead to an inflow of funds from the USA to other markets, including China and Hong Kong, which would increase the liquidity of the Hong Kong stock market. At the same time, due to the inflow of funds and improved market expectations, real estate stocks in the Hong Kong stock market

金吾財訊Jul 15 21:58 ET

According to Zhongzhi Research Institute, the merger and acquisition activity in the real estate industry continued to increase in June.

According to Zhongzhi Research Institute monitoring, there were 17 merger and acquisition trades in the real estate industry in June 2024, an increase of 2 compared to the previous month.

Zhitong FinanceJul 15 21:39 ET

Logan University Announces New President-Elect

ST. LOUIS--(BUSINESS WIRE)--Logan University's Board of Trustees has announced that Garrett Thompson, DC, PhD, will be the eighth president of the University. The announcement of the new president

BusinesswireJul 11 10:00 ET

Progress has been made in the management of domestic and foreign debts, and Long Guan's 21 domestic debt adjustment and payment arrangements have been approved.

Faced with the new changes in the domestic real estate market situation, Logan Group (03380.HK) further optimized its debt management to stabilize the company's production and operation, and maintain the long-term interests of bondholders. On July 11th, Logan issued an announcement disclosing the latest progress in domestic and foreign debt restructuring. As of the announcement date, existing note holders who hold more than 92% of the unpaid principal amount of existing notes have signed the creditor support agreement. Currently, the company is actively negotiating with foreign creditors, including existing note holders, to reach a comprehensive and overall restructuring of overseas debts. At the same time, Logan's domestic debt management has also made significant progress. As of July 7th,

Gelonghui FinanceJul 11 06:05 ET