Share Tumbles on Developers New Plans
- Admin
- Dec 18, 2017
- 1 min read
Share tumbles on developers' new plans to raise capital. Hong Kong stocks tumbled on Friday as developers started a new wave of capital raising plans.
Stock price of Hong Kong-listed China property developer Sunac posted its biggest decline in more than 27 months on a plan to raise funds, the company said it priced its 251.5 million share placement at the low end of a marketed range. It expects to raise nearly USD 1 billion. Developer CIFI issued new bonds. IPO wave continues.

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