HK Stock Market Move | SUNAC (01918) surged over 6%. The company plans to fully acquire management and transition to "asset management + asset operation."
Sunac China (01918) rose more than 6% again, as of the time of writing, up 6.14% at HK$0.605, with a trading volume of HK$141 million.
SUNAC (01918) rose over 6% again, reaching a 6.14% increase as of the time of this report, priced at HKD 0.605 with a transaction volume of HKD 141 million.
In the news, SUNAC announced its plan to acquire 100% equity of "Today Management" for CNY 123 million. Today Management is a light asset construction platform incubated within the Sunac system, primarily engaged in light asset real estate management and asset management. Meanwhile, Sunac officially released its strategic direction for transformation and upgrading, focusing on "Asset Management + Asset Operations."
In the announcement, SUNAC stated that the business model of Today Management is highly aligned with the transformation and upgrade direction of the Sunac real estate segment. The acquisition will strengthen the business support for Sunac's new strategy, facilitating the implementation of the overall strategic transformation and supporting Sunac in rapidly consolidating and enhancing its third-party construction management business expansion and management capabilities. It will also help Today Management leverage its professional competencies and amplify its competitive advantages on a larger platform.
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