Sunac’s high-end development in Jiujiang, central China. Photo: Shutterstock
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

Topic |   China property
Sunac’s high-end development in Jiujiang, central China. Photo: Shutterstock
Sunac’s high-end development in Jiujiang, central China. Photo: Shutterstock
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