---
title: "Market Insight | Real estate stocks plummet during trading, Sunac China's decline expands by over 20%, Zhongliang Holdings drops nearly 15%"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/217056254.md"
description: "In the intraday trading, as of the time of publication, Sunac China fell by 22.4% to HKD 2.41; Zhongliang Holdings fell by 14.81% to HKD 0.138; R&F Properties fell by 12.06% to HKD 1.75; SINO-OCEAN GP fell by 11.84% to HKD 0.335. On the news front, Sunac China announced a plan to sell up to 489 million shares in a rights issue, accounting for approximately 5.31% of the enlarged share capital of the company. The price per share is HKD 2.465, representing a discount of approximately 19.97% from the closing price of HKD 3.08 on October 16. The total proceeds from the subscription are approximately HKD 1.205 billion, with a net amount of approximately HKD 1.192 billion, mainly intended to support the long-term solution for domestic corporate bonds and general operating funds"
datetime: "2024-10-17T03:02:05.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/217056254.md)
  - [en](https://longbridge.com/en/news/217056254.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/217056254.md)
---

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# Market Insight | Real estate stocks plummet during trading, Sunac China's decline expands by over 20%, Zhongliang Holdings drops nearly 15%

According to the information from Zhitong Finance APP, real estate stocks plummeted during the trading session. As of the time of publication, Sunac China (01918) fell by 22.4% to HKD 2.41; Zhongliang Holdings (02772) fell by 14.81% to HKD 0.138; R&F Properties (02777) fell by 12.06% to HKD 1.75; SINO-OCEAN GP (03377) fell by 11.84% to HKD 0.335.

On the news front, Sunac China announced a plan to sell up to 489 million shares in a "sell old before new" manner, accounting for approximately 5.31% of the enlarged share capital of the company. The offer price is HKD 2.465 per share, representing a discount of about 19.97% from the closing price of HKD 3.08 on October 16. The total amount raised from the subscription is approximately HKD 1.205 billion, with a net amount of approximately HKD 1.192 billion, mainly intended to support the long-term solution for domestic corporate bonds and general operating funds

### Related Stocks

- [Sunac China (01918.HK)](https://longbridge.com/en/quote/01918.HK.md)
- [SINO-OCEAN GP (03377.HK)](https://longbridge.com/en/quote/03377.HK.md)
- [ZHONGLIANG HLDG (02772.HK)](https://longbridge.com/en/quote/02772.HK.md)
- [R&F PROPERTIES (02777.HK)](https://longbridge.com/en/quote/02777.HK.md)

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