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An announcement from Sunac China Holdings ( (HK:1918) ) is now available.
Sunac China Holdings has announced the issuance of two tranches of zero coupon mandatory convertible bonds, one totalling approximately US$7.26 billion due 2026 and another of about US$2.40 billion due 2028, as part of its holistic offshore debt restructuring. The listing document for these bonds has been posted on the Singapore Exchange website and is being disseminated in Hong Kong purely to satisfy regulatory requirements and ensure equal access to information, with the company stressing that the document does not constitute an offer or inducement to subscribe for its securities and should not be used as the basis for investment decisions.
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 China-based property developer incorporated in the Cayman Islands and listed in Hong Kong, operating through a group structure that includes various subsidiaries. The company is part of the mainland Chinese real estate sector and is engaged in property development and related businesses, with its securities also linked to listings and regulatory oversight in overseas markets such as Singapore.
Average Trading Volume: 131,449,751
Technical Sentiment Signal: Sell
Current Market Cap: HK$14.8B
For an in-depth examination of 1918 stock, go to TipRanks’ Overview page.