Changes in Hong Kong stocks | Domestic housing stocks plummeted intraday, Sunac China (01918) extended its decline by more than 20%, Zhongliang Holdings (02772) fell nearly 15%

The Zhitong Finance App learned that domestic housing stocks fell sharply intraday. As of press release, Sunac China (01918) fell 22.4% to HK$2.41; Zhongliang Holdings (02772) fell 14.81% to HK$0.138; R&F Real Estate (02777) fell 12.06% to HK$1.75; and Ocean Group (03377) fell 11.84% to HK$0.335.

According to the news, Sunac China announced that it plans to place up to 489 million shares, accounting for about 5.31% of the company's share capital after expansion, at a price of HK$2.465 per share, a discount of about 19.97% from the closing price of HK$3.08 on October 16. The total proceeds from the subscription process are about HK$1.125 billion and the net proceeds of about HK$1,192 billion, mainly to support the implementation of long-term solutions for domestic corporate bonds and general working capital.