Chinese developer Sunac and services unit plunge on share placement, stake sale

November 15, 2021 10:40 AM

HONG KONG (REUTERS) – Shares of Sunac China and its services unit sank on Monday (Nov 15) after the Chinese developer raised a total of HK$7.4 billion (S$1.28 billion) by issuing new shares and selling a stake in Sunac Services.

Source : http://www.straitstimes.com/business/property/chinese-developer-sunac-and-services-unit-plunge-on-share-placement-stake-sale