三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

Sunac raises $1b as developers seek new finance routes

By Wu Yiyao in Shanghai | chinadaily.com.cn | Updated: 2017-12-15 17:33
Share
Share - WeChat

Hong Kong-listed developer Sunac China Holdings raised $1 billion in a top-up share placement at a price near the bottom end of a marketed range, a sign that China's developers are seeking financing resources amid tight lending practices, analysts said.

Sunac's share price tumbled 10 percent Friday. The Tianjin-based developer sold 251.5 million shares at HK$31.10 ($3.98) per share, an 11.9 percent discount on Thursday's closing price of HK$35.30.

Sunac, which had been one of the best-performing shares in Hong Kong this year, has seen its share place drop about 20 percent since two weeks ago.

The share prices of some other developers have also dipped in recent months. China Evergrande Group lost some 21 percent since Oct 25 from a record high of HK$31.4 to HK$ 24.95 at the market's close Friday. Kaisa Group Holdings lost some 44 percent since September 22, when it hit a record of HK$ 6.6, to HK$ 3.71 at the market's close Friday.

The Tianjin-based developer sold $516 million after it agreed to buy asset parcels of theme parks and hotels from Dalian Wanda Group.

Proceeds from the share sale will be used for general working capital, according to Sunac's Friday statement.

Analysts said China's developers have been seeking financing resources besides credit lending and bond issuance in the domestic market. They have been stepping up the raising of funds from bond issuance in overseas markets, and more developers are likely to raise funds by selling shares.

Tightening lending for developers is one of the comprehensive measures that policymakers have been taking to curb speculation in China's real estate market since the second half of 2016. Developers, particularly smaller and privately owned firms, have been turning to other channels for fundraising.

"Financing for developers has been increasingly diversified," said a research note from CRIC China, a real estate information and research service provider.

CRIC data said 108 developers raised 1 trillion yuan from January to November 2017, a year-on-year decrease of about 4 percent, and it is expected that the whole-year record of 2017 is going to be lower than that of 2016.

More than 50 percent of developers are finding it increasingly difficult to secure funds as costs are growing fast. Up to 10 percent are raising funds through trusts and up to 8 percent through bond issuance.

"Smaller developers are likely to face liquidity pressure if inventories are not reduced enough to supplement cash flow while financing is not easy and getting more expensive," said a research note from Zhongtai Securities.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 免费可在线观看黄的视频 | 污免费网站| 国产成人啪精品 | 天天狠天天透天干天天怕处 | 欧美黑人在线观看 | 久草美女 | 国产操| 日韩第一页在线 | 永久免费观看视频 | 91www永久在线精品果冻传媒 | 青青操网 | 欧美一级α片毛片免费观看 | 手机国产精品一区二区 | 黄色a级 | 久国产视频 | 99久久精品自在自看国产 | 外国三级毛片 | 亚洲高清国产拍精品影院 | 91啦视频在线| 中文永久免费观看网站 | 亚洲第一在线播放 | 国内外精品免费视频 | 国产看片一区二区三区 | 午夜精品久久久久久久 | 午夜天堂在线视频 | 综合久久久久6亚洲综合 | www欧美在线观看 | 亚洲瑟 | 日本黄色片在线免费观看 | 国产主播一区二区 | 成人精品福利 | 欧美日韩在线一区 | 中文字幕日韩一区 | 麻豆视传媒短视频网站-欢迎您 | 国产一区二区精品人妖系列 | 偷拍久久网 | 特别黄的免费视频大片 | 色综合99天天亚洲 | 日本aaaaa级毛片 | 麻豆视频传媒 | 久久综合九色综合97婷婷群聊 |