Greentown China touches 2-year high on February sales jump

Greentown China Holdings

06/03/2025 06:14

** Shares of Greentown China Holdings 3900.HK surge 6.7% to HK$13.1, their highest since January 2023, and on course for fourth straight session of gains

** Stock set for the biggest one-day rise since February 26

** The Chinese property developer said its contracted and subscription sales amounted to 7.7 bln yuan ($1.06 billion) in February. That compard to 7 bln yuan sales the same period in 2024

** Hang Seng Mainland Properties Index .HSMPI rises 2.5%, index tracking properties and construction stocks .HSCIPC adds  1.5%, Hang Seng Index .HSI surges 2.9%

** Stock up 37.8% YTD

($1 = 7.2436 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))