Sunac China has raised another amount of money. On the morning of October 17, Sunac China issued an announcement stating that it plans to place 489 million shares at a price of HK$2,465 per share, with a total proceeds from the subscription process of about HK$1,205 million. According to reports, this allotment of shares has been successfully completed, and the whole process takes very little time. This incident is of positive significance in the context of the real estate industry, which is currently sluggish and in urgent need of recovery. “The market hasn't had such exciting news in a long time. The last time shares were allotted in the real estate industry was over a year ago. Since then, housing companies' stock prices have continued to be sluggish, making equity financing difficult to implement.” A business person said. According to some analysts, Sunac's equity financing is a key step in restoring its ability to finance. This is also a landmark event where the capital market's confidence in China's real estate industry is picking up.

Sunac China has raised another amount of money. On the morning of October 17, Sunac China issued an announcement stating that it plans to place 489 million shares at a price of HK$2,465 per share, with a total proceeds from the subscription process of about HK$1,205 million. According to reports, this allotment of shares has been successfully completed, and the whole process takes very little time. This incident is of positive significance in the context of the real estate industry, which is currently sluggish and in urgent need of recovery. “The market hasn't had such exciting news in a long time. The last time shares were allotted in the real estate industry was over a year ago. Since then, housing companies' stock prices have continued to be sluggish, making equity financing difficult to implement.” A business person said. According to some analysts, Sunac's equity financing is a key step in restoring its ability to finance. This is also a landmark event where the capital market's confidence in China's real estate industry is picking up.