Sunac China Placement
Sunac is looking to raise around US$500m via a top-up placement.The company last raised cash in Nov 21 when it undertook a top-up placement worth US$500m and raised another US$270m via selldown in Sunac Services. We covered the placement in Sunac Blocks - Just the Start for Sunac China and It Won’t Be the Last for Sunac Services.
That deal didn’t end up doing well and this deal as well won’t move the needle much, in terms of bringing down debt.
Sunac China Holdings is an investment holding company. Through its subsidiaries, Co. is principally engaged in property development, property investment and property management services in the People's Republic of China. As of Dec 31 2012, Co. had project developments in the five main regions of Beijing, Tianjin, Chongqing, Shanghai and Hangzhou, which were in different phases and covered a range of property types, such as high-rise and mid-rise residences, detached villas, townhouses, retail properties, offices and car parks.
Aequitas Research is a leading ECM research firm with a focus on IPOs and placements/follow-on offerings across the Asia Pacific with deal size of over USD100m.
Hong Kong,
China ADRs,
India,
Japan,
Australia, and
ASEAN.
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