Sunac’s high-end development in Jiujiang, central China. Photo: Shutterstock
Sunac shares plunge after China’s third largest developer plans to raise US$580 million from share placement
- Sunac will place 452 million shares at HK$10 per share, with half of the funds to be used to repay loans
- The stocks closes 22.6 per cent lower at HK$9.13 in Hong Kong
Sunac’s high-end development in Jiujiang, central China. Photo: Shutterstock