Movement Alert|CHINA OVERSEAS Rises 4.4% in Regular Trading, Mainland Property Sector Rally and Bond Redemption Signal Financial Strength

Market Focus07-29

On July 29, CHINA OVERSEAS rose 4.4% in regular trading, trading at HK$14.0/share, with turnover of HK$49.21 million.

The movement was primarily driven by a broad rally across mainland property developer stocks. Peers including Sunac China gained 7.55%, Longfor Group rose 6.37%, Greentown China climbed 4.75%, and China Resources Land advanced 4.11%, reflecting strong sector-wide momentum.

At the company level, CHINA OVERSEAS announced on July 27 that its wholly-owned subsidiary, China Overseas Enterprise Development Group, will fully redeem 1.5 billion yuan of the \"21 COHL 06\" corporate bond in August, with delisting scheduled for August 9. The move demonstrates robust liquidity and financial stability. Additionally, the company earlier completed a 3 billion yuan bond issuance at a notably low coupon rate of 1.75% with 3.04x oversubscription, underscoring strong market confidence. For the first half of the year, cumulative contracted property sales reached approximately RMB134.35 billion, up 11.8% year-over-year.

(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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