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SUNAC Surges 9%+ After Cashing Out RMB6.6B in 2nd Round of Sales of 'One Riviera Park'
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SUNAC (01918.HK )launched the second round of sales of its Shanghai Huangpu District project "One Riviera Park", which is co-developed with CITIC and Xinhu, on Sunday (12th), with sales whopping RMB6.6 billion on the day, and a selling rate of more than 96%. The sales of the third batch of units are expected to start in spring this year. SUNAC rallied 9.23% to last at $1.42, with 283 million shares traded, involving $391 million. In addition, on 10 January, SUNAC has received a winding-up petition filed by China Cinda (HK) with the Hong Kong High Court in relation to an outstanding loan of US$30 million and accrued interests from Shining Delight, a wholly-owned subsidiary of SUNAC as guarantor. AAStocks Financial News |
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