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Sunac China Holdings ( (HK:1918) ) just unveiled an update.
Sunac China Holdings Limited announced that approximately 75% of its offshore creditors have agreed to the terms of its debt restructuring agreement. This development marks a significant step in the company’s efforts to manage its financial obligations and stabilize its operations, reflecting strong support from its creditors. The company will continue to update shareholders and investors on any further developments in this restructuring process.
The most recent analyst rating on (HK:1918) stock is a Hold with a HK$2.69 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 with limited liability, operating primarily in the real estate industry. The company is listed on the Hong Kong Stock Exchange and is involved in property development and management, focusing on residential and commercial properties in China.
Average Trading Volume: 219,630,598
Technical Sentiment Signal: Sell
Current Market Cap: HK$15.54B
For a thorough assessment of 1918 stock, go to TipRanks’ Stock Analysis page.