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China Developer Seeks USD 1 Billion

China Developer Seeks to Raise USD 1 billion from Hong Kong stock market. - The Hong Kong- listed China property developer posted its biggest decline in more than 27 months last Friday on a plan to raise funds, Sunac said it priced its 251.5 million share placement at the low end of a marketed range. The developer said it expects to raise nearly USD 1 billion from the right issue. IPO wave in the market continues.

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