Sunac raises $259 million from top-up placement

The deal comes as the stock hits a record high and is the second share sale by a Hong Kong-listed Chinese property company in less than a week.

Sunac raises $259 million from top-up placement

Hong Kong-listed Sunac China Holdings last night raised HK$2.01 billion $259 million from a top-up placement, making it the second Chinese property developer to tap the equity capital markets in less than a week.

The desire to raise equity comes after a rally in Chinese property stocks during the past couple of months on the back of a more optimistic outlook for the Chinese economy and a recovery in property prices, particularly in the...

To continue reading, please login or register for free

Click for more on: placement | top up | property | real estate | citi

Print Edition

FinanceAsia Print Edition


  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...