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.
<div style="text-align: left;"> Sunac: focused on high-end property projects </div>
<div style="text-align: left;"> Sunac: focused on high-end property projects </div>
January 22, 2013

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.

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