Sunac turns to equity to reduce debt

Heavily-indebted property developer capitalises on share price surge to raise $516 million from top-up placement.
Sunac bought the majority stake in 13 Wanda theme parks.
Sunac bought the majority stake in 13 Wanda theme parks.

Sunac China Holdings has taken advantage of its skyrocketing share price to execute a HK$4 billion ($516 million) top-up placement that has raised much-needed capital to reduce its leverage after a series of high-profile acquisitions that have greatly expanded its landbank. 

¬ Haymarket Media Limited. All rights reserved.

Sign In to Your Account To Access Exclusive FinanceAsia Content!

Please sign in to your subscription to unlock full access to our premium FA resources.

Free Registration & 7-Day Trial
Register now to enjoy a 7-day free trial - no registration fees required. Click the link to get started.

Note: This free trial is a one-time offer.

Questions?
If you have any enquiries or would like a quote for a team or company licence, please contact us at [email protected]. Our subscription team will be happy to assist you.

Share our publication on social media
Share our publication on social media