On June 16, Sunac China (01918.HK) fell 6.02% in regular trading, trading at HKD 0.78/share, with turnover of approximately HKD 73.57 million.

On the news front, Sunac Real Estate Group recently disclosed that its subsidiaries added four new overdue loan obligations with a combined default amount of approximately RMB 260 million. The defaulting entities include Yunnan Rongke, Haiyan Sunac Paradise, Guizhou Gui'an New District Haosheng Properties, and Henan Kaiyuan Shengshi Properties, all failing to repay principal on schedule. Among them, Haiyan Sunac Paradise accounted for the largest single default at RMB 130 million. Additionally, key subsidiary Shanghai Sunac Real Estate Development Group was flagged for a new breach of trust, having fully failed to fulfill obligations determined by effective legal instruments.

Meanwhile, management at a recent shareholder meeting disclosed that the company has not set quantitative sales or profit targets for the current year, instead prioritizing systematic revitalization of existing assets and debt resolution. The company reported that previously overdue debt principal resolved through extension arrangements totaled approximately RMB 3.254 billion.

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