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Sunac China Holdings Limited (SCNR.F)

0.1540

+0.0020

+(1.32%)

As of 8:05:28 AM GMT+2. Market Open.

China’s developers start to climb out of their self-dug hole

Dragging out bad news rarely makes it better. The same applies to China’s slow-motion property-market crisis. Housing developer Sunac this week...

PREMIUM
Financial Times 2 months ago

SNCNQ
Chinese developer Sunac unveils unprecedented second restructuring

Sunac, one of China’s biggest property developers, has launched a second restructuring of its offshore debt in an unprecedented move that shows...

PREMIUM
Financial Times 2 months ago

SNCNQ
Property developer Sunac China warns of wider loss for 2024

Beijing-based Sunac, once among China's largest real estate developers, attributed the higher net loss forecast to the absence of gains that it had logged last year after the completion of its offshore debt restructuring. In late 2023, Sunac completed a comprehensive overhaul of its $9 billion offshore debt, exchanging its existing debt for a combination of notes, among others. The company has borne the brunt of a struggling property sector in the world's second-largest economy, which has led to decreased real-estate project deliveries, and as a result, lower earnings for developers, while they battle to revive their businesses.

Reuters 2 months ago

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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 4 months ago

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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 4 months ago

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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 4 months ago

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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 4 months ago

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CCGDF

Performance Overview

Return	SCNR.F	HANG SENG INDEX (^HSI)
YTD	-44.60%	+18.61%
1-Year	-3.14%	+28.77%
3-Year	-69.80%	+9.88%

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Sunac China Holdings Limited (SCNR.F)

China’s developers start to climb out of their self-dug hole

Chinese developer Sunac unveils unprecedented second restructuring

Property developer Sunac China warns of wider loss for 2024

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