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SUNAC Surges 9%+ After Cashing Out RMB6.6B in 2nd Round of Sales of 'One Riviera Park'
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 (12...
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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.

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