Sunac China Pursues Significant Share Placement

Sunac China Holdings (HK:1918) has released an update.

Sunac China Holdings is set to raise approximately HK$1.205 billion through a top-up placing and subscription of new shares, representing around 5.60% of its existing share capital. The shares are priced at HK$2.465, a significant discount to recent trading prices, to attract investors. However, the completion of this financial maneuver is contingent on several conditions, urging investors to stay cautious.

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