Changes in Hong Kong stocks | Sunac China (01918) rose more than 9% in early trading, officially announced the acquisition of “asset management+asset operation” and now manages all shares

The Zhitong Finance App learned that Sunac China (01918) rose more than 9% in early trading. As of press release, it had risen 7.34% to HK$0.585, with a turnover of HK$110 million.

According to the news, Sunac China issued an announcement stating that it will establish “asset management+asset operation” as the direction of strategic transformation and upgrading, and that the real estate business will be split from the traditional integrated investment and development model into two separate business segments: asset management and project construction operation management. As a key step in implementing the new strategy, Sunac also announced the acquisition of a real estate asset-light management company for 123 million yuan and now manages 100% of the shares.

According to the announced plan, the two major sectors of asset management and construction management will independently expand market-based business while supporting each other's collaborative development. The asset management business focuses on capital consolidation and exploration of investment opportunities in the real estate sector; the construction management business provides asset-light services such as construction, operation, and sales for investment projects and third-party projects.