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Dusseldorf - Delayed Quote EUR

Sunac China Holdings Ltd (SCNR.DU)

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0.2420

+0.0200

+(9.01%)

As of 9:30:51 AM GMT+1. Market Open.

Sunac China brings in new investor to restructure Chongqing Bay project

Embattled property developer Sunac China on Thursday said a private credit firm will invest 2.48 billion Chinese yuan ($340.34 million) into restructuring debts for the Chongqing Project. The project focuses on residential and commercial properties for sale, most of which have not yet been developed. ($1 = 7.2869 Chinese yuan renminbi)

Reuters last month

SNCNQ
Sunac's onshore debt deal bodes well for China's troubled property sector: experts

Developer Sunac China Holdings secured approval for the restructuring of its onshore debt, a move that participants in the property market hailed as good news for China's beleaguered real estate sector. The agreement also makes Sunac the first defaulted mainland Chinese developer to reduce its onshore debt. In a filing with Hong Kong's stock exchange on Tuesday, the Tianjin-based developer said repayment of the principal and interest on the 10 bonds "will be adjusted" and "restructuring plan opt

South China Morning Post last month

SNCNQ
Chinese developer Sunac’s shares tumble 26% after liquidation petition

Shares in Chinese developer Sunac plummeted on Friday after the company revealed it was the subject of a petition in Hong Kong seeking to wind...

PREMIUM
Financial Times last month

SNCNQ
Sunac liquidation suit hammers shares, renews property debt crisis concerns

HONG KONG (Reuters) -Sunac China shares and bonds plunged on Friday after a liquidation petition was filed against the developer, reigniting investor concerns about the debt crisis in the property sector despite Beijing's revival measures. The petition, filed by a unit of state-owned asset manager China Cinda Asset Management, also deepened worries over Sunac's business recovery and repayment ability despite an offshore debt restructuring it completed in 2023.

Reuters last month

SNCNQ

CCGDF

Performance Overview

Return	SCNR.DU	HANG SENG INDEX
YTD	-11.03%	+16.36%
1-Year	+62.42%	+39.55%
3-Year	-73.98%	+1.92%

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Sunac China Holdings Ltd (SCNR.DU)

Sunac China brings in new investor to restructure Chongqing Bay project

Sunac's onshore debt deal bodes well for China's troubled property sector: experts

Chinese developer Sunac’s shares tumble 26% after liquidation petition

Sunac liquidation suit hammers shares, renews property debt crisis concerns

Performance Overview