trending Market Intelligence /marketintelligence/en/news-insights/trending/3vY7GQ4L6zOwyodEmloEDg2 content esgSubNav
In This List

Sunac China targeting HK$7.82B from share placement


Japan M&A By the Numbers: Q4 2023

Case Study

An Investment Bank Taps S&P's Real Estate Modeling Expertise


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


FIMA EUROPE 2023: Exploring the Intersection of Data, Governance, and Future Trends in Finance

Sunac China targeting HK$7.82B from share placement

Sunac China Holdings Ltd. is placing 251.5 million shares of the company for gross proceeds of approximately HK$7.82 billion.

Sunac International Investment Holdings Ltd., the developer's controlling shareholder, conditionally agreed to subscribe for all the shares, which represent an approximately 5.72% stake in the company after the placement, at HK$31.1 per share.

Sunac China said the placement will further enlarge its shareholders' equity base, among other benefits. The estimated HK$7.77 billion net proceeds will be used as general working capital of the company.

The Dec. 15 placing agreement was signed by the company, Sunac International as the vendor and Morgan Stanley & Co. International plc as the placing agent. The placement is expected to be completed Dec. 19.