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An update from Sunac China Holdings ( (HK:1918) ) is now available.
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 due to uncertainties about its going concern status. The company has initiated both onshore and offshore debt restructuring plans to alleviate debt pressures and stabilize its financial structure. The onshore restructuring involves options for bond repurchase, equity payment, and debt settlement, significantly reducing debt and easing repayment pressure. The offshore restructuring aims to convert debt into equity, ensuring liquidity and a sustainable capital structure, with court approval pending.
The most recent analyst rating on (HK:1918) stock is a Sell with a HK$0.50 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 real estate company incorporated in the Cayman Islands, primarily engaged in property development and management. The company focuses on the Chinese market, offering residential and commercial properties through its subsidiary, Sunac Real Estate Group Co., Ltd.
YTD Price Performance: -37.93%
Average Trading Volume: 226,500,718
Technical Sentiment Signal: Sell
Current Market Cap: HK$15.43B
For detailed information about 1918 stock, go to TipRanks’ Stock Analysis page.