The Business Times
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Sunac to raise US$1b to refinance debts

Published Thu, Aug 3, 2017 · 09:50 PM

Shanghai

ACQUISITIVE Chinese property developer Sunac China Holdings Ltd will raise US$1 billion from banks to refinance its current debts, the firm said in a filing on Thursday.

Sunac has been making a spate of high-profile deals, including a deal last month to buy theme parks and tourism developments from Dalian Wanda Group for 43.8 billion yuan (S$8.87 billion).

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