On August 26, SUNAC rose 6.14% in regular trading, trading at 0.605 HKD/share, with turnover of approximately HKD 37.25 million. The stock extended gains following the company's landmark strategic transformation announcement over the weekend.

On the news front, SUNAC announced on August 24 that it has formally established \"Asset Management + Asset Operations\" as its strategic transformation and upgrade direction. Concurrently, the company announced the acquisition of 100% equity of Erjin Management, a light-asset real estate management firm, for RMB 123 million, with the consideration paid through the issuance of 260 million new shares. Under the new framework, the property development segment will be split into two independent business lines — asset management and construction management — while the company explores establishing fund and REITs asset management platforms.

The strategic pivot is viewed as a critical step in SUNAC's post-debt-restructuring revival, shifting from traditional development toward a capital-light model. Erjin Management has signed 73 projects covering core Yangtze River Delta regions. Notably, Citi recently maintained a Neutral/High Risk rating on SUNAC with a target price of HKD 0.6, citing weak contract sales down 18% YoY to RMB 6.4 billion in the first seven months.

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