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An update from Sunac China Holdings ( (HK:1918) ) is now available.
Sunac China Holdings Limited announced the successful approval of its offshore debt restructuring scheme by a substantial majority of its creditors. With approximately 98.5% of creditors by number and 94.5% by value voting in favor, the company will now seek court sanction for the scheme. This development marks a significant step in stabilizing the company’s financial position and could have positive implications for its stakeholders, as it aims to address its debt challenges and improve its market standing.
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 prominent real estate developer based in China, primarily engaged in the development and sale of residential and commercial properties. The company focuses on high-end real estate projects and has a significant presence in major Chinese cities.
Average Trading Volume: 253,427,995
Technical Sentiment Signal: Sell
Current Market Cap: HK$18.35B
For detailed information about 1918 stock, go to TipRanks’ Stock Analysis page.