Sunac China plans HK$7.82b share sale for working capital
This is the highly leveraged firm's second share placement in five months after it vowed to slash its debt ratio
Hong Kong
PROPERTY developer Sunac China Holdings Ltd said on Friday it would sell HK$7.82 billion (S$1.35 billion) worth of new shares to its major shareholder, the second share placement in five months after it vowed to slash its debt ratio.
The highly-leveraged company has tapped offshore financing channels after a string of high-profile purchases led to increased scrutiny of its credit risks in China, including a US$6.52 billion deal with Dalian…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
New US home sales jump to highest level since September
Hong Kong developer weighs stake sale in London office skyscraper project
How Hudson Yards went from ghost town to office success story
S$16.5 million deal at The Ritz-Carlton Residences tops Q1 gainers; seller reaps S$4.9 million profit
Forrest Li’s wife buys Gallop Road bungalow next to the one he has redeveloped
Chinese restaurants spur Hong Kong’s retail property recovery