On May 27, Sunac China fell 5.26% in regular trading, trading at HKD 0.9/share, with trading volume of approximately HKD 92.91 million.
On the news front, Sunac China's MCB1 convertible bonds completed settlement on May 21, and sustained selling pressure has continued since that date. On the settlement day, multiple large block sell orders appeared in succession, with transaction prices sliding down from HKD 1.0, and the stock has remained weak thereafter. The company resolved approximately US$9.55 billion in offshore debt through a 100% debt-to-equity conversion scheme, with conversion prices anchored at HKD 6.8 and HKD 3.85 — significantly above the current market price. This substantial premium gap means newly converted shareholders face deep losses at current levels, creating ongoing incentive to liquidate positions and contributing to persistent selling pressure on the stock.
Within the Real Estate Development sector, RADIANCE HLDGS up 37.04%, CHINA RES LAND down 1.64%, CHINA OVERSEAS down 2.20%, CK ASSET down 2.76%, HENDERSON LAND down 1.07%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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