Stock Track | SUNAC Soars 5.05% Intraday as Mainland Real Estate Shares Rally on Vanke Bond Payment News

Stock Track

01/28

SUNAC's stock surged 5.05% during Wednesday's intraday trading session, reflecting a significant upward movement for the Hong Kong-listed real estate developer.

The rally occurred as part of a broader jump in mainland real estate shares in the Hong Kong market. The positive sentiment was fueled by news that China Vanke, another major developer, secured approval to make $417 million in partial bond payments while pushing back full repayment by one year, providing the company with crucial breathing room ahead of its next note maturity in late April.

This development for Vanke appears to have lifted sentiment across the mainland real estate sector, contributing to the upward movement in SUNAC's share price alongside other developers during the trading session.

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