Greentown China Holdings Ltd. saw its stock soar 5.04% during Friday's trading session, as investors reacted positively to the company's announcement of robust contracted sales figures for January 2025.
The property developer reported that its January contracted sales reached an impressive RMB 7 billion, signaling strong demand for its residential projects. This strong sales performance likely boosted investor confidence in the company's prospects, driving up the stock price.
The surge in Greentown China's share price outperformed the broader market, highlighting the significance of the company's sales figures in propelling its stock higher. As the real estate sector continues to recover, investors will be closely monitoring Greentown China's ability to sustain this sales momentum in the coming months.
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