Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Sunac China Holdings ( (HK:1918) ) has provided an update.
Sunac China Holdings has announced a debt restructuring and new financing plan for the Chongqing Bay Project, a major residential and commercial development in Chongqing, China. The transaction involves a capital contribution of up to RMB2.476 billion from Great Wall Risky Assets Revitalization Investment Center to settle existing debts and finance further development, thereby enhancing the project’s value and revitalizing the Group’s quality assets.
More about Sunac China Holdings
Sunac China Holdings Limited is a real estate company incorporated in the Cayman Islands, primarily focused on the development of residential and commercial properties in China. The company is known for its significant projects and partnerships in key urban areas.
YTD Price Performance: -2.22%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.98B
Learn more about 1918 stock on TipRanks’ Stock Analysis page.
