Sunac China (1918.HK) rose 3.9% to HK$1.61 on Thursday, marking its largest one-day percentage gain since September 29. The stock is on track to snap a two-session losing streak, as investor confidence improved following a key development in the company’s debt restructuring efforts.

The Chinese property developer’s offshore debt restructuring plan was approved by the majority of creditors at a court-convened meeting in Hong Kong. 98.5% of voting creditors, representing approximately 94.5% of total voting claims, backed the plan, clearing a major hurdle in Sunac’s efforts to stabilize its finances.

Sunac China stated it would now seek final approval from the Hong Kong court at a sanction hearing scheduled for 5 November 2025, moving closer to resolving its offshore debt obligations.

The positive market reaction reflects renewed investor optimism over the company’s ability to navigate its financial restructuring and stabilize operations amid challenges in China’s property sector.