Tiger Brokers

BUZZ-Chinese property group Seazen at 12-week high on monthly sales growth

Reuters
Jun 10, 2025
BUZZ-Chinese property group Seazen at 12-week high on monthly sales growth

** Shares of Chinese property developer Seazen Group 1030.HK rise 10% to HK$2.3, their highest levels since March 19

** Stock on track for a sixth straight session of gains and set for the biggest one-day pct rise since April 9, if current trend holds

** Seazen stock is top percentage gainer in the index tracking property and construction stocks .HSCIPC, which rose 1.2%

** Co says its contracted sales in May amounted to 1.97 billion yuan ($274.21 million), compared with 1.75 bln yuan contracted sales in April

** Hang Seng Mainland Properties Index .HSMPI surges 2.3%, Hang Seng Index .HSI gains 0.3%

** YTD, stock up 24.7%

($1 = 7.1844 Chinese yuan)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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