Movement Alert|SUNAC Rises 5.34% in Regular Trading, Offshore Debt Restructuring Milestone and Housing Policy Tailwinds Boost Sentiment

Market Focus
Yesterday

On September 23, SUNAC rose 5.34% in regular trading, trading at HK$0.695 per share, with turnover of approximately HK$71.40 million, rebounding from a decline of over 6% in the prior session.

On the news front, the company's offshore debt restructuring plan received overwhelming creditor support, with a 99.75% approval rate by number of creditors and 98.3% by total debt amount. Through debt-to-equity conversion, the plan is expected to eliminate over US$4.5 billion in total debt. Meanwhile, the Ministry of Housing and Urban-Rural Development recently confirmed the push for an existing-home sales system, and a newly revised Housing Provident Fund regulation took effect on September 20, sustaining policy-driven momentum across the domestic property sector.

At the company level, SUNAC reported H1 revenue of RMB16.35 billion, with net loss attributable to shareholders narrowing 2.1% year-over-year to RMB12.54 billion. Total borrowings declined to RMB186.18 billion, and the company has formally established an asset management plus asset operations strategic transformation direction.

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