Changes in Hong Kong stocks | Sunac China (01918) rose more than 15%, and the group established a new strategy of “asset management+asset operation”

The Zhitong Finance App learned that Sunac China (01918) increased by more than 15%, and the cumulative increase after the official announcement of the strategic transformation was close to 30%. As of press release, it rose 13.11% to HK$0.69, with a turnover of HK$492 million.

According to the news, Sunac China issued an announcement stating that the company signed a sales agreement with Rongzhe Co-Creation Holdings Co., Ltd. to acquire 123 million yuan and now manage 100% of the shares. The cost will be paid by issuing about 260 million new shares. On the same day, Sunac announced the establishment of “asset management+asset operation” as the direction of strategic transformation and upgrading.

Sunac believes that the current management business model is highly compatible with the transformation and upgrading direction of Sunac's real estate sector. The acquisition will enhance the business fulcrum of the new strategy, help implement the overall strategic transformation and implementation, and rapidly integrate and enhance third-party construction and management capabilities. It will also help today's management develop its professional capabilities and expand its competitive advantage on a larger platform.