HK Stock Market Move | SUNAC (01918) rose over 9% in early trading, officially announcing its transformation to "asset management + asset operation," and has acquired management of all equity to date.

SUNAC (01918) rose over 9% in early trading. As of the time of this report, it is up 7.34%, priced at HKD 0.585, with a trading volume of HKD 110 million. In terms of news, SUNAC announced that it has established "asset management + asset operation" as the direction for its strategic transformation and upgrade. The real estate business will be split from the traditional integrated model of investment and development into two independent business segments: asset management and project construction operation management. As a key step in implementing this new strategy, Sunac simultaneously announced the acquisition of 100% equity in a real estate light asset management company for HKD 123 million. According to the announced plan, the asset management and construction management segments will independently expand their market-oriented businesses while supporting and synergizing with each other. The asset management business will focus on capital integration and investment opportunity exploration in the real estate sector; the construction management business will provide light asset services such as construction, operations, and sales for investment projects and third-party projects.