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Sunac China Holdings ( (HK:1918) ) has provided an update.
Sunac China Holdings Limited has provided an update on its action plan to address the auditor’s disclaimer of opinion on its FY2024 financial statements. The company has made significant progress in both onshore and offshore debt restructuring efforts. For onshore debt restructuring, Sunac entered into a subscription agreement to issue shares, using the proceeds to repay onshore bonds. Offshore, the company successfully passed resolutions related to debt restructuring at an extraordinary general meeting and is proceeding with a scheme of arrangement, with a substantial majority of creditors supporting the restructuring agreement. These efforts aim to resolve uncertainties related to the company’s going concern status and improve its financial stability.
The most recent analyst rating on (HK:1918) stock is a Hold with a HK$1.50 price target. To see the full list of analyst forecasts on Sunac China Holdings stock, see the HK:1918 Stock Forecast page.
More about Sunac China Holdings
Sunac China Holdings Limited is a company incorporated in the Cayman Islands, primarily engaged in real estate development and property management services. The company operates within the real estate industry, focusing on the development of residential and commercial properties in China.
Average Trading Volume: 316,392,625
Technical Sentiment Signal: Sell
Current Market Cap: HK$18.12B
See more data about 1918 stock on TipRanks’ Stock Analysis page.