NewShares of Hong Kong-listed Chinese developer Sunshine 100 suspended from trading

Shares and debt securities of small-cap developer Sunshine 100 China Holdings were suspended from trading on Friday pending release of an announcement in relation to a proposed fund raising exercise, a filing to the Hong Kong stock exchange said.

Sunshine 100 has 28 projects under development across 20 cities including Chengdu, Changsha and Liuzhou. It bought three lots this year, in Chongqing, Lijiang and Yixing.Last year, the company’s contracted sales grew 25 per cent to 6.7 billion yuan.